Sentences with phrase «excise duty»
"Excise duty" is a tax that the government imposes on certain goods such as alcohol, tobacco, or fuel when they are produced or sold. It is added to the price of the product and is meant to discourage excessive consumption or control the supply of these items. Full definition
Vehicle excise duty on the most polluting vehicles will increase to # 300, rising by another # 100 next year.
politics.co.uk
«This measure also includes corresponding increases in the rates of excise duty on other tobacco products,» the budget states, citing cigars, chewing tobacco and fine - cut tobacco for roll - your - own cigarettes.
The launch of the updated i20 will take place in the first week of April and Hyundai is expected to revise prices in - line with the increase in excise duty on passenger cars.
I hope MPs will ask that question when they debate, today, the level of excise duty imposed on Scotch whisky.
The 1.5 - litre Etios Liva won't get excise duty benefits as it is not classified as a small car due to its engine capacity being more than 1.2 - litres.
There will be associated reductions in vehicle excise duty for UK - registered HGVs which should mean that most UK - based hauliers will pay no more than at present.
The Government have admitted that minimal emissions savings will result from the changes to vehicle excise duty rates.
The reason for developing the Honda Brio sedan under 4 - metres in length is to benefit from lower excise duties received by small cars in India.
• Increase excise duty rates on alcohol products by two per cent effective the day after Budget Day, 2017.
ArunJaitley proposed a 2 % excise duty levy on readymade branded garments along with made - up textile articles of retail selling price of INR 1,000 and higher.
We have expertise in advising clients on the application of the various provincial sales and commodity tax regimes, such as commodity - specific taxes on tobacco, fuel and gasoline, as well as federal - level commodity taxes, such as excise duties imposed on the manufacture of certain types of alcohol and tobacco.
In its ruling, the ECJ said made clear that under EU law, products could only be exempt from excise duty if they were for personal use and «transported personally by the private individual who purchased them».
High excise duties affect not only Scotch Whisky producers, but also the retailers, pubs, and restaurants that sell it.
The «Treasury rating» system remained in place until 1948, when it was replaced by a flat rate Vehicle Excise Duty charge of # 10 per annum.
The old DZire might not get excise duty benefits but the bigger boot makes it appealing to fleet operators at whom the company has positioned the vehicle.
Both cars attract similar excise duties as both are under 4 - meters in length.
The government had between November 2014 and January 2016 raised excise duty on petrol by Rs 11.77 a litre and that on diesel by Rs 13.47 per litre to take away gains arising from plummeting global oil prices.
Other taxes, including excise duties, are not included in the reference price.
The European Court of Justice (ECJ) rejected an attempt to exempt people buying goods in countries where tobacco and alcohol taxes are low from paying UK excise duty.
Ahead of the Scotch whisky excise duty debate today, the chief executive of the Scotch Whisky Association argues that an increase in duty on Scotch whisky is bad for public finances, business and ordinary people
In many countries, excise duty exemptions on compressed natural or petroleum gas and on biofuels exist (e.g., Riedy, 2003).
David Flockhart: UK pricing is a complex issue, as the import & excise duties make up a significant proportion of the end price and this requires detailed work before launch.
However, Mohammed Monguno, Samil Sulieman and Rufai Chanchangi, who were also present at the meeting, participated at the inauguration ceremony as chairmen of agriculture and solid minerals, and deputy chairman of customs and excise duties respectively.
That is why excise duty is now 44 % higher than it was in 2008.
«His proposals on vehicle excise duty fall far short of what is required.
Tobacco Duty is perhaps the oldest excise duty in existence.
This is not a green tax: «I use the term «green taxes» loosely when describing the vehicle excise duty changes announced by the Government.
As a result, the 730d drops into the band I vehicle excise duty tier.
gomen shud abolish ridiculous excise duties n insane taxes.
According to top officials of the VW Group, the model is exclusive for India since the sub-4 metre norm sanctions a significant excise duty benefit.
The price is expected to be Rs. 1.25 crores (excluding excise duty).
This results in a drop of two Vehicle Excise Duty bands and a 4.3 mpg improvement.
This downsizing has been done to make the diesel engine more suited for our market, while at the same time enabling Honda to save crucial excise duty.
Fiat is planning to expand its product portfolio in India since a long time but due to the recent change in the top management and fluctuating excise duty, new car launches are getting... Read More
But d price wont have a drastic change even PR won coz they cant reduce excise duty to 0 % overnight.
The Amaze is a sub 4 - metre compact sedan, which benefits from small car excise duties, helping Honda to price the vehicle very aggressively.
It measures 3,895 mm in length, ducking under the four - meter length to extract excise duty benefits, 1,735 mm in width and 1,555 mm in height with a wheelbase of 2,460 mm.
The expensive price tag can be attributed to the larger displacement engine, due to which the i20 AT is not classified as a «small car» and the corresponding excise duty increases from 12.5 percent to 24 percent.
Getting a Ford EcoSport is a wise decision as the state exchequer saves on excise duties due to the less than 4 - metre length of the Blue Oval.
To be launched in the second half of 2012, the EcoSport benefits from lower excise duties thanks to the sub 4 - meter length of this compact SUV.
Government consults on possible changes to vehicle excise duty aimed at incentivising van drivers to switch to lower emission vehicles
Andrew appears regularly in VAT, customs duties, excise duties cases and indirect taxation cases in the specialist tax tribunals, and in related claims for restitution in the Senior Courts.
representing hauliers in representations against Border Force and HMRC in excise duty matters;
Similar measures will be introduced to the Excise Tax Act in relation to the Goods and Services Tax / Harmonized Sales Tax (GST / HST) and also to the Excise Act, 2001 in relation to certain excise duties.
The goods may be abandoned, destroyed, smuggled back or imported «legitimately» to the UK as the low value goods they are, attracting minimal excise duty and beginning their journey again.
GFT UK Retail Ltd v HMRC [2012] UKFTT 481 (TC) Excise duty appeal about whether alcoholic spirits in «gel» form are exempt from Article 27 of Directive 92 / 83 / EEC.