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Business Terms and Jargon Explained

What is Excise Duties

Excise duties consist of special taxes levied on specific kinds of goods, typically alcoholic beverages, tobacco and fuels. They may be imposed at any stage of production or distribution, and are usually assessed by reference to the weight, strength or quantity of the product.

© Crown Copyright. Material taken from National Statistics website: www.statistics.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 15:00:46

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