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Written question asked by Anneliese Dodds (Labour) on Tuesday, 19 June 2018, in the House of Commons. It was due for an answer on Thursday, 21 June 2018. It was answered by Mel Stride (Conservative) on Wednesday, 27 June 2018 on behalf of the Treasury.


Spirits: Excise Duties

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
155390
Session
2017-19
Subjects
Excise duties Prices Spirits
Link
View this Written question on www.parliament.uk