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EXCISE DUTIES FOR 2011/2012

23rd March 2011 BUDGET PROPOSALS
AND CHANGES FOR 2011/2012 previously announced
(Subject to details in the Finance Bill)
Ellis Atkins have taken all due care in the presentation of these notes. No responsibility for loss occasioned to any person or company acting or refraining from action as a result of any material in these notes can be accepted by Ellis Atkins, its partners or staff. Please contact us or your own professional advisor for advice specific to your circumstances.

12.1 Increases:

Vehicles registered after March 2001 are banded A – M and suffer Vehicle Excise Duty ranging from £nil to £460 in 2011/12 (£435 in 2010/11) dependent upon CO2 emissions and fuel type.

From 2011/12 brand new cars will be charged higher first year rates ranging from £nil to £1,000, depending on the CO2 emissions.

Other increases are as follows:

Beer - 4p per pint
High Strength Beer - 25p per can
Cider - 3p per pint
Strong cider - 14p per pint
Wine - 15p per bottle
Spirits - 54p per bottle
Cigarettes - 33p per packet
Hand rolling tobacco - 67p per packet

12.2 Decreases:

Low strength beer - 18p per pint
Fuel duty - 1p per litre from 23rd March 2011. However, the planned April 2011 rise is only deferred until January 2012 when we will see a 3p increase.

12.3 No Change:

Air Passenger Duty was replaced in November 2009 by a new method of taxation structured around four distance bands A - D, set at 2,000 mile intervals from London. The duty rates range from £12 for short range economy class flights up to £170 for non-economy long haul flights.

The planned increase for April 2011 is now deferred until April 2012.