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Spirits: Excise Duties

Treasury written question – answered on 27th June 2018.

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Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury)

To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the price elasticity of spirits and the appropriate rate of duty on them.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The price elasticity of demand for spirits used by the Government is available online on HMRC’s website.

These figures are used to create forecasts and costings, which are compared with actual duty receipts to check that the published elasticities remain reasonable. All costings are subject to OBR scrutiny.

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