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Recommended: Smoking tax

In the UK, in 2004/5, duties on cigarette raised up to 1.9 per cent of total tax revenue of the government, by comparing cigarette with other taxable goods and service 5.5 percent of fuel duties and 1.8 percent for alcohol duties. Obviously, cigarette duty is one of the major sources of revenue for the government in the UK. If people don’t reduce smoking, then the tax on cigarette will remain high due to increasing demand in the market, then more revenue will be raised which is a good source for the government
If the government desires to build more revenue on cigarette need to promote people to smoke, this will produce more revenue for them, only the problem is that, thither is a strong force on governments around the world to depress their citizen from smoking cigarette.
When the governments succeed in discourage people from smoking this will reduce their tax revenue they earn on cigarette duty. But will be a reduction in smoking cost to the government. Although UK government is making a high revenue income on cigarettes, but if you analyze in financial term how much money the government spending on cigarette relate illness patient on every year.
The amount government .s pent on the National Health Service on smoking related illness is approximately £1.7 billion per year, is a lot less than the revenue produced from cigarette taxes. This clearly says that the government is growing revenue in cigarette tax but the sum of money they pass on the harm done by cigarette to our health is too much.
Smuggled cigarettes is another style of the government losing over 20 percent of its receipts in the UK marketplace, and its encouraging criminality in the nation because they are practicing fraud
. The government lose billion of pounds ev...

... middle of paper ...

...ue on petrol tax. (By minute 2011) Most of the petrol seller imports the petrol in the UK paid higher tax to government.
. We the consumers of this petrol are contributing significantly, whenever we when to the petrol station with our motorists to buy petrol we are paying fuel duty known as the VAT value add tax that money this paid by the seller from what we buy the fuel

Reference http://businesscasestudies.co.uk/hm-customs-excise/creating-a-supportive-business-environment-for-smes/what-is-vat.html#ixzz2vrNJvPmx Follow us: @Thetimes100 on Twitter | thetimes100casestudies on Facebook http://businesscasestudies.co.uk/hmrc/acting-as-a-regulator-and-enabler/where-the-inland-revenue-fits-in.html#ixzz2vrXAfmDu Follow us: @Thetimes100 on Twitter | thetimes100casestudies on Facebook
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