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More Tax From Savers Than 'sinners': Amount Raised From Homebuyers And Shareholders Set To Pass Duty From Alcohol And Cigarettes For The First Time

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http://www.dailymail.co.uk/news/article-2666606/More-tax-savers-sinners-Amount-raised-homebuyers-set-pass-duty-alcohol-cigarettes.html

The taxman will soon be taking more money from financially prudent savers, homebuyers and shareholders than from duty collected on alcohol and cigarettes.

By the end of the next financial year, the amount raised from inheritance tax, stamp duty land tax and stamp duty on shares is forecast to reach £21.9billion, according to Treasury figures.

This contrasts with £21billion set to be raised from ‘sin’ taxes on tobacco, wine, beer and cider.

The pub trade has been killed off because of price increases, perhaps there's even a link between increasing house prices and lack of disposable income for drinking?

And the govt still has a deficit!

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http://www.dailymail.co.uk/news/article-2666606/More-tax-savers-sinners-Amount-raised-homebuyers-set-pass-duty-alcohol-cigarettes.html

The pub trade has been killed off because of price increases, perhaps there's even a link between increasing house prices and lack of disposable income for drinking?

And the govt still has a deficit!

Tax fags and booze....fair enough, you have a choice if you want to pay.

Taxing a basic human need ( shelter ) so heavily is a disgrace....using much of that taxation to shore up the money lenders who keep prices high is down right wrong.

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Estimated 1.3 million Ecig users in the UK in January (Google "POST-PN-455.pdf"). Seems likely that figure will rise further.

Bit simplistic to say, but if Ecig users represent approximately 10% of current smoker numbers that could mean a loss of tobacco duty via reduced sales measured in billions rather than millions of pounds.

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I don't think I know anysmoker who smokes UK bought cigarettes. Put the prices up to silly levels and that's what happens.

Same with spirits to a lesser extent and i expect that to grow.

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