Tobacco duty to increase this evening
The Treasury says it is in the process of reviewing the measures included in the UK Chancellor's Autumn Statement.
Treasury Minister Alex Allinson says his department is assessing how the announcements made by Rachel Reeves today (26 November) may affect the Island, while looking ahead to the Isle of Man Budget in February 2026.
Starting this evening (6pm), the Island will increase duty rates for tobacco products by Retail Price Index plus two percent, while all alcohol duty rates will increase from 1 February 2026 in line with the UK RPI.
In accordance with the Customs and Excise Agreement with the UK, the Isle of Man will continue to apply the cut in fuel duty by 5p per litre until September 2026.
Minister Allinson says: ‘The Treasury is in the process of reviewing the measures announced today in Westminster and assessing how they may affect the Island.
'While planning for our own Budget next year has been ongoing for some time, it is important that today’s announcements and any potential impact are properly considered before finalising the details.’
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