I move: (1) THAT for the purposes of the tax charged by virtue of section 72 of the Finance Act 2005 (No. 5 of 2005), that Act be amended, with effect as on and from 8 October 2025, by the substitution of the following for Schedule 2 to that Act (amended by section 70 of the Finance Act 2024 (No. 43 of 2024)): “SCHEDULE 2 RATES OF TOBACCO PRODUCTS TAX (With effect as on and from 8 October 2025) ". (2) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927). Financial resolution No. 1 provides for excise duty increases on tobacco products with effect from midnight tonight. The increase amounts to 50 cent, VAT inclusive, on a pack of 20 cigarettes in the most popular price category together with the pro rata increases for other tobacco products. The price of a pack of 20 cigarettes in the most popular price category, assuming the full increase is passed through to the final retail price, will increase to €18.95. The excise duty component of this price will be €11.33 and the total tax, inclusive of VAT, will be €14.88, which represents approximately 78.51% of the price of a pack of cigarettes. The pro rata increase on the price of a typical pouch of roll-your-own tobacco will increase by 69 cent to €27.66.

Sentiment score: 0.22

We are talking about cigarettes.

Sentiment score: 0.00

We are talking about Financial Resolution No. 1.

Sentiment score: -0.15