Oct 9, 2009

Seaford police send out reminder

SEAFORD Police are reminding adults it is an offence to purchase alcohol on behalf of children.
They warned anyone buying booze for underage drinkers will receive a fixed penalty notice of £80.
Police are appealing for information about irresponsible adults buying alcohol and cigarettes for youngsters. 
Sgt Chris Veale said: "Disorder caused by drunken teenagers is a large drain on police resources and a major concern for local residents.
"The young people involved are also putting themselves at risk in a number of ways – either by being a victim of crime or by taking part in high risk behaviour."

Oct 7, 2009

FDA starts collecting fees from tobacco companies

The Food and Drug Administration on Thursday began collecting millions in fees from the nation's tobacco companies to help fund the agency's newly granted authority to regulate the industry.
The user fees, which will be collected quarterly, are based on each company's share of the U.S. tobacco market. The FDA will collect about $23 million for fiscal 2009. That will rise to $235 million in 2010 and grow to $712 million by 2019.
The FDA would not disclose the assessments for specific companies.
Stifel, Nicolaus & Co. analyst Christopher Growe said in a note to investors that Richmond, Va.-based Altria Group Inc., owner of market-leading Philip Morris USA, would be responsible for about 50 percent of the fees.
FDA spokeswoman Kathleen Quinn said the fees will be used to fund the Center for Tobacco Products, the agency's group tasked with regulating tobacco. The fees will pay for staffing, offices, systems that will be used to register products and outside contractors.
In June, President Barack Obama signed the law that allows the FDA regulate the industry. Its authority includes the ability to ban certain products, reduce nicotine in tobacco products and block labels such "low tar" and "light." Tobacco companies also will be required to cover their cartons with large, graphic warnings.
The law doesn't let the FDA ban nicotine or tobacco outright.
The Congressional Budget Office estimated in June that the law would reduce the number of underage tobacco users by 11 percent by 2019 and lead to a 2 percent decline in smoking among adults.
Altria supported the legislation, while its chief rivals -- No. 2 Reynolds American Inc. and No. 3 Lorillard Inc., both based in North Carolina -- opposed it. The latter two have joined in a lawsuit with other smaller tobacco companies challenging specific marketing regulations of the law.
The nation's tobacco companies already pay $1.01 per pack that it sells for federal excise taxes, and the top cigarette makers also make yearly payments as part of the landmark 1998 tobacco settlement to reimburse states for smoking-related health care costs.
In that settlement, tobacco companies agreed to make about $206 billion in annual payments over more than two decades. Companies also make payments as part of legislation that ended the federal tobacco program, a quota program that limited and stabilized the amount of tobacco produced by farmers.

Oct 5, 2009

Now you can report tax-dodging businesses via the web

Following recent initiatives to clamp down on tax evasion, you can now report businesses you believe are evading tax via the web.
HM Revenue & Customs (HMRC) has made clamping down on tax cheats one of its key priorities in recent years, with a reported £42m being recovered since 2005 as a result of information provided by members of the public via traditional telephone hotlines.
Given the state of the public finances, it will probably come as no surprise that the Government is keen to increase its efforts to shore up the Treasury's coffers. You can now use the web to report tax evaders at www.hmrc.gov.uk/tax-evasion
According to HMRC, this new facility, enabling members of the public to raise their concerns online, builds on HMRC’s cross tax approach to compliance, helping to identify and tackle high-risk cases early on. Under its new behaviourally based system of penalties HMRC can now charge penalties of up to 100% for those individuals who deliberately evade tax.
Interestingly, information received through the hotlines over past years has led to the successful recovery of 320kg of class A drugs, along with 27 million illegal cigarettes and 9.7 tonnes of hand rolling tobacco!
"Denying funding for essential public services"
Linking the relatively small amount of tax recovered via hotlines in recent years with the multi-billion pound black hole in the Government's finances, Rt Hon Stephen Timms MP, Financial Secretary to the Treasury, said:
“We are committed to ensuring the tax system operates fairly and efficiently, and encourage anyone to share their information on activities they think may be unlawful. Reporting your concerns online is quick and easy. By doing so you will be helping us to catch people who are unfairly competing with honest businesses and denying funding for essential public services.
“Being able to report potential tax evasion online is just the latest step in demonstrating that for tax cheats the game is up.
“Information provided by the public is important and HMRC takes all allegations seriously.”