Topic > b - 637

In the UK, in 2004/5, cigarette taxes increased to 1.9% of total government tax revenue, comparing cigarettes to other taxable goods and services, 5, 5 percent fuel tax and 1.8 percent alcohol tax. Obviously, cigarette tax is a major source of revenue for the UK government. If people do not reduce smoking, the tax on cigarettes will remain high due to the growing demand in the market, so they will increase revenue, which is a good source for the government. If the government wants to increase revenue on cigarettes, they need to promote smoking, this will produce more revenue for them, only the problem is that governments all over the world exert strong force to depress their citizens from smoking cigarettes. When governments succeed in discouraging people from smoking, this will reduce their taxes. revenue they earn from cigarette tax. But there will be a reduction in the cost of smoking to the government. Although the UK government is getting high revenue from cigarettes, if you analyze in financial terms how much money the government spends on cigarette related diseases every year. The amount the Government spends on smoking-related illnesses by the Government is around £1.7 billion a year, much less than the revenue generated by taxes on cigarettes. This clearly indicates that the government is increasing revenue from cigarette taxes, but the amount of money it is passing on to the damage cigarettes cause to our health is excessive. Cigarette smuggling is another way the government loses over 20% of its revenue in the UK. market, and encourages crime in the nation because they practice fraud. Government loses billions of pounds ev...... middle of paper ......ue on petrol tax. (As of 2011) Most petrol sellers import petrol into the UK and pay higher taxes to the government. We consumers of this gasoline are contributing significantly, every time we go to the gas station with our motorists to buy gasoline, we are paying fuel duty known as VAT value added tax, the money paid by the seller from what we buy from the fuelReference http://businesscasestudies.co.uk/hm-customs-excise/creating-a-supportive-business-environment-for-smes /what-is-vat.html#ixzz2vrNJvPmx Follow us: @Thetimes100 on Twitter | thetimes100casestudies on Facebook http://businesscasestudies.co.uk/hmrc/acting-as-a-regulator-and-enabler/where-the-inland-revenue-fits-in.html#ixzz2vrXAfmDu Follow us: @Thetimes100 on Twitter | thetimes100casestudies on Facebookhttp://academic.mintel.com/search/?submit_srch=1&q=tax+on+petrol+&country=0&time=