News

The following is a summary of the 2018 Autumn Budget in relation to Excise Duties.

To return to the full summary click here.

 

Air Passenger Duty

Short haul rates for Air Passenger Duty for the 2020/21 year will remain frozen at current levels. The long-haul rate for the tax year 2020/21 will increase in line with the RPI, with the standard rate increasing to £26 and the higher rate increasing to £78.

 

Tobacco Duty

The duty rate on all tobacco products will continue to increase by 2% above inflation.

 

Fuel Duty

Fuel duty remains frozen for the ninth year in a row.

 

Alcohol Duty

Alcohol duty remains frozen on beer, cider and spirits.

Wine duty is however to rise in line with inflation.

 

Soft Drinks Industry Levy

From 1 April 2019 the movement of soft drinks liable to the sugar tax between the UK and Isle of Man will not be treated as an import or export under the Soft Drinks Industry Levy.

 

Landfill Tax

Landfill tax for operators in Northern Ireland and England will increase from 1 April 2019 as follows:-

• standard rate from £88.95/tonne to £91.35/tonne
• Lower rate from £2.80/tonne to £2.90/tonne

 

Remote Gaming Duty

Remote gaming duty will increase to 21% for accounting periods that begin on or after 1 October 2019 onwards. This applies to gaming over the internet, telephone, TV, radio or any other electronic communications.

 

Carbon Emissions Tax

This tax will only apply to emissions in excess of an installation’s allowance from 1 April 2019 should the UK leave the EU without an agreement. It covers permit holders of stationary installations such as power generators and certain large industrial premises and manufacturers such as food processing plants.

 

To return to the full summary click here.

A PDF version is available to download here.

 

 

 

 

 

 

 

Rates and Allowances tables are available to download here.