Smuggled Cigarettes Seized by HMRC in 2012-2013

in Business Risk

Between 2012-2013, HM Revenue and Customs in the United Kingdom seized a estimated 1.27 billion cigarettes from the black market. Working with its foreign partners, it also seized 56 tonnes of contraband tobacco in foreign countries during the time period.

From 2011 to 2013, HMRC has seized nearly 3.6 billion contraband cigarettes and 1,050 tonnes of rolling tobacco from the black market.

Back in 2010-2011, HMRC reported that taxes were not paid on 9 percent of all cigarettes and 38 percent of hand-rolling tobacco sold in the country. The losses in tax revenue in 2010-2011 was $2.9 Billion (£1.9 Billion).

Source:  “HM Revenue and Customs ‘missing cigarette smuggling targets’,” BBC News, June 5, 2013.

Previous post:

Next post: