Finance Act 2015 - Excise duties

Alcohol duty

  • rate reductions from 23 March 2015;
  • wholesalers required to be registered to trade by HMRC from 1 April 2017.

Tobacco duty

  • rates increased by 2% above RPI from 6 pm on 18 March 2015;
  • anti-forestalling restrictions on increases in duty, from Royal Assent.

Vehicle excise duty

  • rates for light passenger vehicles and motorcycles increased in line with RPI from 1 April 2015;
  • exemption cut-off date for old vehicles to be 1 January 1976 (currently 1974 and already due to change to 1975), from 1 April 2016.

Gaming duty: gross gaming yield bandings increased in line with RPI for accounting periods starting on or after 1 April 2015.