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Wednesday, April 07, 2010

UK cider tax to end on June 30th

The punitive tax on cider that was brought in by the Labour government will end on June 30th This is thanks to the need to pass legislation before Parliament closes for the election. Both the Conservative Party and the Liberal-Democratic Party pushed for this, and other, compromises.

This great news is a bit tempered by the fact that the Labour Party has pledged to reintroduce this tax if they are re-elected.

It seems that the Labour Party is increasingly becoming the party of taxation.

Posted by Hugh MacIntyre on April 7, 2010 | Permalink

Comments

Perhaps they have learned that when excessive taxation comes into play ,the affected industry moves underground and revenues actually decrease as the underground market gains customers. Much like our tobacco industry. The Labour party still has a lot to learn.

Posted by: peterj | 2010-04-11 11:41:08 PM



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