Where Excise Tax Goes #Budget17

where-does-your-excise-tax-go

There are two types of tax collected:

  • Excise duty
  • Value added tax (VAT)

Assumptions:

  • A bottle of wine costs €10
  • A packet of cigarettes costs €11
  • A pint of 5% alcohol beer costs €5
  • Diesel costs are based on the size of an average Ford Focus car (55 litres)

Budget 2017:

  • 50c was added to the price of a 20 pack of cigarettes
  • No change in excise duties on alcohol, petrol or diesel
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