tax on tobacco up from 6pm today

[ha_banos]

Screenshot from 2023-11-22 17-36-58.png

EDIT: There's an online calculator that works out the duties and tax provided by HMRC! https://trade-tariff.service.gov.uk/...00/import-date


https://www.gov.uk/government/public...cco-duty-rates

Tobacco product	Duty rate from 6pm 27 October 2021	Duty rate from 6pm 15 March 2023	Duty rate from 6pm 22 November 2023	Impact on customers
Cigars	£327.92 per kg	£367.61 per kg	£395.03 per kg	Additional 33 pence per 10g of cigars

11.6g is an averge robusto by weight.

So after this 6.65£ of your robusto is excise duty + customs duty + vat. So £1.34 is cigar!


So this is what the tax and net pricing looks like for a 13g £7.99 robusto. (I'll do a Cohiba later .. )


Did i get it right?

[potpest]

Don't forget customs duty which now adds 25% onto the price (rather than 5% while we were in the EU)

[ha_banos]

Don't forget customs duty which now adds 25% onto the price (rather than 5% while we were in the EU)

oh thanks! I'll need to redo my diagrams too then.

So
1) Excise duty (£395.03 per kg)
2) Customs duty (25%)
3) VAT (20%)

I guess these accumulate in that order.

In fact I remembered Mike wrote this up https://www.boutiquesmokes.co.uk/blo...ready-to-wince

[potpest]

oh! I'll need to redo my diagrams too then.

So
1) Excise duty (£395.03 per kg)
2) Customs duty (25%)
3) VAT (20%)

I guess these accumulate in that order.

Customs duty separate on the box price (pre tax).
E.g. £200 box of cigars (250g tobacco)
Excise Duty = £99
VAT = 20% of £299 = £59.8
Customs Duty = £50
Total Price= £408.80

[puropunch]

Customs duty separate on the box price (pre tax).
E.g. £200 box of cigars (250g tobacco)
Excise Duty = £99
VAT = 20% of £299 = £59.8
Customs Duty = £50
Total Price= £408.80

I think the phrase rhymes with clucking bell

[Simon Bolivar]

I think the phrase rhymes with clucking bell

So basically we are paying 100% mark to support the rest of the country? Makes ya so proud

[Hookmaker]

Before you get to talking about taxes don’t forget this:
It’s customary for Habanos cigars that retail takes 40%.
I bet you H&F takes an exorbitant piece of the cake too.

So let’s do an example here of 1 CoRo WITHOUT any taxes/vat added:

Prod. price (estimated way too high) 1£
Habanos wholesale price to H&F: 10£
H&F wholesale price to B&M: 20£
Shop price: 36£

Those of you who are good at math can add taxes and VAT at the appropriate step.

Point is: the CoRo will end around 40-50£ where the production price is less than 1£, of which a worker at Laguito probably gets less than 10p a stick - LESS than!

Conclusion: if you absolutely DETEST participation in child labour, over exploitation of human resources in under developed third world countries, you should STOP SMOKING CUBAN CIGARS NOW!😎


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[moppy]

I agree with the principle but are things much better for the growers and rollers in Nicaragua/Honduras/etc?

[mcdee]

I agree with the principle but are things much better for the growers and rollers in Nicaragua/Honduras/etc?

One can only assume that they must be, given the amount of Cuban rollers jumping ship and moving to such places.

[david383]

why summer is better than winter opportunities for outdoor activities like swimming or hiking, and the vibrant atmosphere with blooming flowers and greenery. Summer often brings a sense of energy and freedom that many find invigorating compared to the cold and often restrictive nature of winter.

[ha_banos]

Deano ! Mods!

My thread has been violated. I feel .. dirty ..

[cohibaIV]

Deano ! Mods!

My thread has been violated. I feel .. dirty ..

Consider yourself cleansed 😁


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[bigbarneyhotdog]

I like crayons

[PeeJay]

Conclusion: if you absolutely DETEST participation in child labour, over exploitation of human resources in under developed third world countries, you should STOP SMOKING CUBAN CIGARS NOW!😎

And deprive them of any income at all?!

[Beefeater]

Bloody hell. That nearly gave me a heart attack popping up in todays feed