#BUDGET2018: CIGARETTES AND ALCOHOL – WHERE THE TAX GOES

Today is Budget Day.  As always we show you where the excise tax goes that is collected on the ‘old reliables’ – cigarettes and alcohol.

Budget2018_wheretaxgoes

There are two types of tax collected:

  • Excise duty
  • Value added tax (VAT)

Assumptions:

  • A bottle of wine costs €10
  • A packet of cigarettes costs €12
  • A pint of 5% alcohol beer costs €5
  • Diesel costs are based on the size of an average Ford Focus car (55 litres)

Budget2018:

  • 50c was added to the price of a 20 pack of cigarettes
  • No change in excise duties on alcohol, petrol or diesel
Public Policy, Independent Thinking on Public Decisions

79 Merrion Square, Dublin 2, Ireland
tel: 353 (1) 676 0414 | email: info@publicpolicy.ie
Company registration number: 504956

Privacy Policy | Chairman's Blog | Events | Video | Public Policy Documents | News Property Tax Ireland | Pension Reform Ireland | Water Charges Ireland

Image credits