Legislation – Finance Act 2024
Part 2Other taxes
Excise duty rates
23Rates of tobacco products duty
(1)
“TABLE
1 Cigarettes
An amount equal to the higher of—
- (a)
16.5% of the retail price plus £316.70 per thousand cigarettes, or
- (b)
£422.80 per thousand cigarettes.
2 Cigars
£395.03 per kilogram
3 Hand-rolling tobacco
£412.32 per kilogram
4 Other smoking tobacco and chewing tobacco
£173.68 per kilogram
5 Tobacco for heating
£325.53 per kilogram”.
(2)
In consequence of the provision made by subsection (1), in Schedule 2 to the Travellers’ Allowances Order 1994 (which provides in certain circumstances for a simplified calculation of excise duty on goods brought into Great Britain)—
(a)
in the entry relating to cigarettes, for “£393.45” substitute “£422.80”
,
(b)
in the entry relating to hand rolling tobacco, for “£351.03” substitute “£412.32”
,
(c)
in the entry relating to other smoking tobacco and chewing tobacco, for “£161.62” substitute “£173.68”
,
(d)
in the entry relating to cigars, for “£367.61” substitute “£395.03”
,
(e)
in the entry relating to cigarillos, for “£367.61” substitute “£395.03”
, and
(f)
in the entry relating to tobacco for heating, for “£90.88” substitute “£97.66”
.
(3)
The amendments made by this section are treated as having come into force at 6pm on 22 November 2023.