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 likelihood that further increases in tobacco duty rates will fail to generate further revenue.
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.