I move Financial Resolution No. 1:
(1) THAT in this Resolution—
"the Act of 1977" means the Finance (Excise Duty on Tobacco Products) Act, 1977 (No. 32 of 1977);
"cigarettes", "cigars", "sweetened pipe tobacco", "hard pressed tobacco", "other pipe tobacco", "smoking tobacco", "chewing tobacco" and "tobacco products" have the same meanings as they have in the Act of 1977, as amended by the Imposition of Duties (No. 243) (Excise Duty on Tobacco Products) Order, 1979 (S.I. No. 296 of 1979), and by section 55 of the Finance Act, 1988 (No. 12 of 1988).
(2) THAT the duty of excise on tobacco products imposed by section 2 of the Act of 1977 shall, in lieu of the several rates specified in Part II of the Third Schedule to the Finance Act, 1991 (No. 13 of 1991), be charged, levied and paid, as on and from the 30th day of January, 1992, at the several rates specified in the Schedule to this Resolution.
(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).
SCHEDULE
Rates of Excise Duty on Tobacco Products
|
Description of Product |
Rate of Duty |
|
Cigarettes |
£47.75 per thousand together with an amount equal to 16.48 per cent. of the price at which the cigarettes are sold by retail |
|
Cigars |
£73.562 per kilogram |
|
Sweetened pipe tobacco |
£74.337 per kilogram |
|
Hard pressed tobacco |
£47.538 per kilogram |
|
Other pipe tobacco |
£59.756 per kilogram |
|
Other smoking or chewing tobacco |
£62.075 per kilogram |
This resolution provides for a tax increase of 16p, including VAT, on a package of 20 cigarettes with pro rata increases on other tobacco products from midnight tonight.