Budget: Big rises in duty

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Budget: Big rises in duty

Post by GD on Tue 27 Oct 2009, 6:09 pm

INFLATION-BUSTING duty increases and a freeze on tax allowances are proposed in next year’s Budget.
The 2010 Budget – Treasury Minister Philip Ozouf’s first – recommends duty rises of almost 10% on tobacco and fuel, and future rises to UK levels over the next four years on cigarettes and alcohol. And it proposes freezing tax allowances, which will pull more low earners into the tax net.
The duty increases proposed are:
• Fuel up 9.8%, raising £1.5m.
• Tobacco up 9.7%, raising £900,000.
• Alcohol up 6.2%, raising £700,000.
Other proposals include removing a tax exemption for UK pension funds that could raise around £3m for the taxman.
‘There is no doubt that Jersey is in recession and we expect that to continue for a number of months,’ said Senator Ozouf. ‘While we are in a strong position we should not be complacent.
‘The Budget does propose that, responding to the concerns of the Health and Home Affairs ministers, additional money for Health should be funded by increases in duty on alcohol and tobacco. There will be a discussion on bringing those to the level of the UK over the next three or four years.’ (from JEP)

Tax Tax and more Tax....


......THE BOSS......

"Always be yourself because the people who mind don't matter, and the people who matter don't mind"

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Re: Budget: Big rises in duty

Post by karma on Tue 27 Oct 2009, 6:21 pm

The Guillotine worked for the French!!!!
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Re: Budget: Big rises in duty

Post by Dell on Tue 27 Oct 2009, 7:25 pm

Get the knitting needles out Karma!!!!

Welcome back..... good hols?




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Re: Budget: Big rises in duty

Post by bug1 on Tue 27 Oct 2009, 8:11 pm

Fags and Booze hit again but all the extra will go towards the health service.Eventually this will be self defeating as nobody will drink or smoke but by then we won't need a health service because we'll all be healthy!
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Re: Budget: Big rises in duty

Post by karma on Tue 27 Oct 2009, 10:04 pm

.........and be really p***ed off that we die of 'nothing'!!!!!
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Re: Budget: Big rises in duty

Post by bug1 on Tue 27 Oct 2009, 11:45 pm

karma wrote:.........and be really p***ed off that we die of 'nothing'!!!!!

Nail on the head again Karma!!!!!!!!!!
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