Finance Bill 2025: Excise
The Finance Bill 2025 gives legislative effect to the excise measures announced in Budget 2026. These updates continue the Government’s focus on using fiscal policy to support public health objectives and environmental goals, while maintaining the stability of excise revenues.
The Bill provides for the increase in excise duty on tobacco products, which was introduced with effect from midnight on Budget night by Financial Resolution. The increase amounts to 50 cents, inclusive of VAT, on a pack of 20 cigarettes in the most popular price category, together with pro rata increases for other tobacco products.