TAXES ON CIGARETTES AND LIQUOR RAISED

Chronicle (Levin), 7 April 1948, Page 5

TAXES ON CIGARETTES AND LIQUOR RAISED

I Received Wednesday, 10 a.m. | LONDON, April 6. 1 Presenting his Bu'dget and j economic survey in the House of Commons today, Sir Stafford Crippi announced increases of ld per pint on beer, 28d on a bottle of whisky, £1 a gallon on all spirits except perfumed spirits, ls a bottle on foreign heavy wines and 6d a bottle I on light wines. The duty 011 Empire j wines is unchanged. I Cigarettes are up from 40d to 42'd ! for a packet of 20. I The tax on football and similar j pools is raised from 10 to 20 per ; cent. | Bcokmrk°rs on dog courses will : pay a graduatcd licence duty on ! each meeting. | The re-elas-uficatian of the purI chase tax means that the tax on a large number of articles will be j reduced f''om 50 to 33 1-3 per cent. j The overall effect of the purchase I tax changes will be to reduce price - | generally by 10 per cent. The re- | duction will be worth £500.000.000. . A capital levy is impracticable at present. A levy is to be placed on inveStment incomQ at the rate of 2s in the £1 for incomes from £250 to £500. rising to a maximum of 10s in the £1 on £5000. j 1 Entertainment tax on live showT ls reduced and there is complete exemption on seats up to ls. The tax on dearer seats is reduced by half. 1 As iivme tax reliefs the first £50 j of taxable income will be charged | at 3s in the £1 and the nQxt £200 at ■ Is in the £1. Three shillings in the ! £1 tax 011 the first £50 of taxabl • ■ 'ncome renresents no change, bir i instead only the next £75 is beiiv:' -taxed at 6s in the £1. The s mount taxable at this rate has risen tn £200.