[Taf]

Commenting on today’s Budget announcement, Jaine Chisholm Caunt, Secretary General of the Tobacco Manufacturers’ Association (TMA), said:

“Today’s announcement of an 8% increase in tobacco tax will do nothing to reduce the level of tobacco smuggling and crossborder shopping which cost HM Treasury up to £3.6 billion in lost tax revenue in 2009/10. Since the beginning of 2011, tobacco taxes have increased by at least 19% (over £1.00 on a pack of 20 cigarettes) and with household incomes falling, there is a real concern that smuggled tobacco consumption will accelerate.

According to HM Revenue & Custom’s (HMRC) latest estimates , up to £3.6bn in tax revenue (£8.5 million per day) was lost in 2009/10 to the non-UK duty paid (NUKDP) market, greater than the Metropolitan Police’s annual budget .

http://www.the-tma.org.uk/2012/03/tm...21-march-2012/

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