asked the Minister for Finance the revenue yield from (a) an increase of four pence on a pint of stout and a glass of spirits; and (b) an increase of four pence on the price of 20 cigarettes; and the estimated effect of both increases on the consumer price index.
Written Answers . - Revenue Yields .
119.
: As the reply is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to circulate it with the Official Report.
Following is the statement:
|
Increase in duties (including VAT element) |
Estimated additional yield (including VAT) in a full year. |
Consumer Price Index effect (percentage points) |
|
£million |
||
|
4p on a pint of stout* |
19.0 |
+0.7 |
|
4p on a glass of spirits |
8.6 |
+0.2 |
|
4p on 20 cigarettes* in the most popular price category |
13.8 |
+0.4 |
|
Total |
41.4 |
+1.3 |
* These estimates are based on the assumption that the increased charges on stout and cigarettes would be accompanied by proportionate increases on other beers and manufactured tobacco, respectively.