Giles Roca: Cigarette taxation must be stubbed out without delay
The illegal trade in contraband tobacco continues to be a growing carbuncle on the UK’s balance sheet, writes Giles Roca The TMA has just published its third annual anti-illicit trade survey. This is the largest study of its kind. It measures 12,000 smokers’ attitudes, awareness and behaviours in regard to illegal and non-UK duty paid tobacco. The results reveal the true extent of how the government’s high tobacco tax policy is shifting consumer purchases from the legal, duty-paid market to other sources. Counterfeit, smuggled and cross-border purchases cost the Treasury billions of pounds in expected tobacco tax revenue every year and fund criminal networks that make substantial profits from the illegal trade.
Related Posts
Extras On Excise: Cigarette Smuggling Is A Frustrating Version Of Whac-A-Mole For Law Enforcement
Cigarette trafficking – transporting cigarettes from one jurisdiction to another...
Why researchers say fake and low-quality drugs are a ‘global pandemic’
Fake and substandard drugs are responsible for tens of thousands of deaths around...
SIA air steward arrested at Delhi Airport for smuggling gold
24, January 2018 l Today Online SINGAPORE – A Singapore Airlines (SIA) cabin...
14.7 kg of smuggled gold seized at Kochi Port
KOCHI: In a major crackdown, the Directorate of Revenue Intelligence (DRI) on...