Cigarette tax receipts plummet sparking fears of a black-market bonanza
CIGARETTE tax receipts have fallen 23 per cent, HMRC figures show — sparking fears of a black market bonanza. Treasury revenue from tobacco sales was down almost a quarter over April 2024 25 compared with 2021 22. This is despite smoking rates falling by only three per cent from 2021 2024. Meanwhile from October 1, tobacco duty will climb
CIGARETTE tax receipts have fallen 23 per cent, HMRC figures show — sparking fears of a black market bonanza. Treasury revenue from tobacco sales was down almost a quarter over April 2024 25 compared with 2021 22. This is despite smoking rates falling by only three per cent from 2021 2024. Meanwhile from October 1, tobacco duty will climb
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