Finance Act, 1996

Amendment of section 7 (ascertainment of retail prices of tobacco products) of Finance (Excise Duty on Tobacco Products) Act, 1977 .

84.Section 7 of the Finance (Excise Duty on Tobacco Products) Act, 1977 , is hereby amended in subsection (3) by the substitution of the following paragraph for paragraph (c):

“(c) A person shall not invite an offer to treat, offer for sale or sell by retail any packet of cigarettes at a price which is higher than—

(i) in the case of cigarettes sold or to be sold by means of a coin-operated vending machine, the nearest multiple of five pence to the price, or

(ii) in all other cases, the price,

being the price on the basis of which that part of the excise duty imposed by section 2 of this Act which is chargeable by reference to the price at which the cigarettes are sold by retail has been charged on the cigarettes in question and any person who so invites, offers or sells shall be guilty of an offence and shall be liable on conviction to an excise penalty of £50 in respect of each such offence.”.