Tobacco: Excise Duties

(asked on 8th October 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the recent remarks by the Chief Executive of the Institute for Fiscal Studies on cutting the current rate of tobacco duty as a means of increasing tax revenues.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 22nd October 2024

Under the assumptions used in tobacco costings certified by the Office for Budget Responsibility (OBR) at Spring Budget 2024, increasing overall tobacco duty rates increases tobacco duty receipts.

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