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Budget Statement 2013

Produced by the Treasury and Exchequer
Authored by Treasury and Resources and published on 17 Oct 2012
Prepared internally, no external cost


​The 2013 Budget Statement was issued on 17 October 2012, and debated in December 2012. 

A summary of the proposals were as follows:

Income tax

In this year’s budget it is proposed to increase the income tax exemption thresholds in line with
inflation. At 3%, this is higher than the average increase in earnings and will benefit taxpayers
by over £5 million. It is a measure that seeks to protect those households on lower incomes and
it will reduce the number of people who are subject to income tax. This is entirely in keeping
with the Council of Ministers’ commitment to promote family and community values.

There will not be any changes to the income tax allowances. The 2012 rates will be maintained.

Impôts duty

  • increase the duty on alcohol with:
    • 10% on spirits and wines;
    • 8% on strong beer and cider; and
    • 5% increase on weaker beer and cider (not exceeding 4.9% abv)
  • increase the rate of duty on all tobacco products by 10%
  • increase the rate of duty on all fuels by 3p per litre
  • increase all Vehicle Emission Duty bands by 5%

Download 2013 Budget Statement: Addendumn (size 344kb)
Download 2013 Budget Statement (size 2.82mb)
Download briefing paper on new distribution rules (size 84kb)
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