CHARTERED TAX ADVISERS
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Home > > 21 March 2007 Budget Report > Excise Duties
With effect from Monday 26 March 2007 the duty on beer and cider increases by 1p a pint while a 75cl bottle of wine or sparkling cider will cost a further 5p.
The largest increase was reserved for those who enjoy a sparkle in their wine; their additional cost for a 75cl bottle is 7p.
For another year the Chancellor did not increase the duty on spirits.
Cigarettes, cigars, hand rolling tobacco all see an increase in line with inflation. Thus the typical cost of a pack of 20 cigarettes increases by 11p; a packet of 5 cigars by 4p and hand-rolling tobacco by 11p for 25 grams.
With effect from 1 October 2007 the excise duty on road fuels will increase by 2p a litre. The duty for most of these fuels increases from 48.35p per litre to 50.35p a litre. These rates will be further increased by 2p a litre on 1 April 2008 and again on 1 April 2009 to 54.19p per litre.
The fuel duty rates for unleaded petrol, for leaded petrol, aviation gasoline and for other heavy oil used as road fuel will increase by a similar percentage. Thus on 1 October 2007 the duty on unleaded petrol will increase by just over 2p per litre to 53.65p per litre.
The rate of excise duty for private and light goods vehicles increase by £5 per annum with effect from 22 March 2007.
| Registered before March 2001 | ||
|---|---|---|
| £ per year | Increase | New rate |
| 1549cc and below | £5 | £115 |
| Above 1549cc | £5 | £180 |
Vehicle excise duty for light goods vehicles
| Registered from March 2001 | ||
|---|---|---|
| £ per year | Increase | New rate |
| Euro 1V incentive rate* | £5 | £115 |
| Standard rate | £5 | £175 |
| * for Euro 1V compliant vans registered between 1 March 2003 and 31 December 2006 |
||
For further details email Eacotts on services@eacotts.com or call 01628 665432
Eacotts Chartered Accountants and Chartered Tax Advisers
Servicing the Thames Valley, Berkshire, Buckinghamshire and the UK
This document is for guidance only and professional advice should be sought before acting on the information contained. No responsibility will be accepted by Eacotts for loss occasioned as a result of action taken, or refrained from, in consequence of the contents
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Company number 4708201. Registered Office: Grenville Court, Britwell Road, Burnham SL1 8DF
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