Businessman holding a transparent screen with an inscription a excise tax. Business, technology, internet and networking concept.

Goods liable to Excise Duty

Businessman holding a transparent screen with an inscription a excise tax. Business, technology, internet and networking concept.

Good afternoon all.

Some goods are liable to a tax known as excise duty.  These goods are:

  • wine and made-wine
  • beer
  • cider and perry
  • spirits
  • low alcohol beverages
  • imported composite goods containing alcohol
  • tobacco products
  • hydrocarbon oil – this section includes details about rebates for such products
  • Climate Change Levy
  • biofuels

Excise duty is payable in addition to any Customs Duty to which the goods may be liable.  Both Customs Duty and Excise Duty are also liable to VAT on the tax itself.  That’s right.  A tax on tax.  Great, isn’t it?

Brexit doesn’t actually change liability to Excise Duty – which has always been a national tax subject to local rules, EU membership or not.  The way it is accounted for will change – post a hard Brexit, it will be declared and accounted for via the frontier Customs entry irrespective of the origin of the goods.

You can read more about these goods by visiting: uk-trade-tariff-excise-duties-reliefs-drawbacks-and-allowances/uk-trade-tariff-excise-duties-reliefs-drawbacks-and-allowances

David

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