Sunday, November 12, 2006

UK - Tax ruling will save UK drinkers billions

Watch the government close this loophole quickly.

If, as appears likely, the court rubber-stamps a previous adjudication by its advocate general, shoppers will be free to use the internet or mail order companies to find the best bargains around Europe and have them shipped home for their own consumption.

The potential savings are huge: 200 cigarettes purchased in Latvia cost only £7.20, a saving of about £43, while several European countries charge no duty on wine.

Businesses across Europe are gearing up for the changes, but the British Retail Confederation warns that UK businesses will lose unless action is taken to harmonise duty rates across the Continent.


Get'em while you can.

Britain has one of the highest excise rates in Europe and shoppers are expected to rush to take advantage of the ruling, which cannot be appealed against and would take immediate effect. At present, Britons can bring alcohol and tobacco with them into the country if they can show it is for personal consumption.

No comments:

 
Brain Bliss