Indirect Taxes 2002
VAT
The standard rate of VAT goes up from 20% to 21%.
This takes effect from 1 March 2002.
Excise
Duty
The
following excise duty increases (including VAT) will apply
immediately:
Tobacco
10p
on a packet of 20 cigarettes
Pro-rata
increase on the other tobacco products,
Petrol
5p
per litre
Auto
Diesel
5p
per litre
From
1 March 2002 a further 5p a litre will apply to auto diesel with a
sulphur content above 50ppm.
Cider
and Perry
21p
on a pint.
Betting
Tax
will fall from 5% to 2% from 1 May 2002.
