Each year with the announcement of The National Budget changes are proposed to the “sin duties” i.e. Schedule No.1 Part 2A to the Customs and Excise Act (the Act), whilst the “luxury duties” i.e. Schedule No.1 Part 2B to the Act have remained unchanged for a number of years now. The National Budgets of recent years have also contained references to changes in the customs and excise environment. With the next budget speech to be delivered just over a month from now, have you given any thought as to what you could expect in the speech as far as customs and excise matters are concerned? Please let us know you predictions and expectations. Our expectations, without having applied our minds, are the retention of the status quo insofar as expecting increases in the “sin duties”, with the “luxury duties” remaining unchanged. There may even be reference to the Customs Duty Bills? The National Budget 2011 will be delivered on 23 February 2011 at 14:00. If you are interested in learning more about any of the articles in this week’s column, please send us an email with the headline of the article in the title.
