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12 Years And It Still Lurks
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<blockquote data-quote="Apache" data-source="post: 349344" data-attributes="member: 828"><p>It goes into the treasury central fund and is dished out. The principal stands - the money feeds into the pot and is then fed back out.</p><p></p><p>Tax revenue from tobacco in 2012/13 amounted to £12.3 billion – £9.7 billion in excise duty plus £2.6 billion in VAT.</p><p></p><p>NHS is expected to cost the taxpayer £110 billion this year. More than 10% of the entire budget is potentially collected via duty on smoking. Take that away and you need to find an extra ~£80 per capita or more than double that per taxpayer.</p><p></p><p>That is why they don't want to stop it. I'm not even allowing for the shorter life expectancy and less pressure on pension pots.</p></blockquote><p></p>
[QUOTE="Apache, post: 349344, member: 828"] It goes into the treasury central fund and is dished out. The principal stands - the money feeds into the pot and is then fed back out. Tax revenue from tobacco in 2012/13 amounted to £12.3 billion – £9.7 billion in excise duty plus £2.6 billion in VAT. NHS is expected to cost the taxpayer £110 billion this year. More than 10% of the entire budget is potentially collected via duty on smoking. Take that away and you need to find an extra ~£80 per capita or more than double that per taxpayer. That is why they don't want to stop it. I'm not even allowing for the shorter life expectancy and less pressure on pension pots. [/QUOTE]
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