Beer, wines and spirits duty frozen but smokers are hit

Hard-pressed working families got some Budget respite from Chancellor Philip Hammond. The by-now customer freezing of duty on petrol and diesel was continued, while tax on beer, wine, cider and spirits was also maintained at current levels. Smokers were hit once again with an inflation plus 2% increase in duty, meaning the cost of cigarettes will rise by about 6%. The personal income tax allowance rose to £1,850, which means the typical worker will pay £1,075 less tax that they were doing in 2010/11 said Hammond. Meanwhi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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