Excise in the context of "Vehicle excise duty"

In economics, a duty is a target-specific form of tax levied by a state or other political entity. It is often associated with customs, in which context they are also known as tariffs or dues. The term is often used to describe a tax on certain items purchased abroad.

A duty is levied on specific commodities, financial transactions, estates, etc. rather than being a direct imposition on individuals or corporations such income or property taxes. Examples include customs duty, excise duty, stamp duty, estate duty, and gift duty.

An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax collecting authority does not suffer a corresponding reduction in income, i.e., the effect and tax incidence are not on the same entity meaning that tax can be shifted or passed on, then the tax is indirect.

An indirect tax is collected by an intermediary (such as a retail store) from the person (such as the consumer) who pays the tax included in the price of a purchased good. The intermediary later files a tax return and forwards the tax proceeds to government with the return. In this sense, the term indirect tax is contrasted with a direct tax, which is collected directly by government from the persons (legal or natural) on whom it is imposed. Some commentators have argued that "a direct tax is one that cannot be charged by the taxpayer to someone else, whereas an indirect tax can be."

The Internal Revenue Code of 1986 (IRC), is the domestic portion of federal statutory tax law in the United States. It is codified in statute as Title 26 of the United States Code. The IRC is organized topically into subtitles and sections, covering federal income tax in the United States, payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. The Code's implementing federal agency is the Internal Revenue Service.

The Hammersmith Ghost murder case of 1804 set a legal precedent in the UK regarding self-defence: that someone could be held liable for their actions even if they were the consequence of a mistaken belief.

Near the end of 1803, many people claimed to have seen or even been attacked by a ghost in the Hammersmith area of London, a ghost believed by locals to be the spirit of a suicide victim. On January 3, 1804, a 29-year-old excise officer named Francis Smith, a member of one of the armed patrols set up in the wake of the reports, shot and killed a bricklayer, Thomas Millwood, mistaking the white clothes of Millwood's trade for the shroud of a ghostly apparition. Smith was found guilty of murder and sentenced to death, later commuted to one year's hard labour.

A per unit tax, or specific tax, is a tax that is defined as a fixed amount for each unit of a good or service sold, such as cents per kilogram. It is thus proportional to the particular quantity of a product sold, regardless of its price. Excise taxes, for instance, fall into this tax category. By contrast, an ad valorem tax is a charge based on a fixed percentage of the product value. Per unit taxes have administrative advantages when it is easy to measure quantities of the product or service being sold.

De La Rue plc (UK: /ˈdɛləruː/, US: /ˌdɛləˈruː/) is a British company headquartered in Basingstoke, England that produces secure digital and physical protections for goods, trade and identities in 140 countries. It sells to governments, central banks, and businesses. Its authentication division provides government revenue technology, brand protection, and ID security, such as polycarbonate data pages for passports.

Its currency division designs and produces banknotes, secure polymer substrate and banknote security features. This includes security holograms, security threads and security printed products for central banks and currency issuing authorities. It is the world's largest commercial printer of banknotes. Since July 2025, the company has been under private ownership by Atlas Holdings.

The National Firearms Act (NFA), 73rd Congress, Sess. 2, ch. 757, 48 Stat. 1236 was enacted on June 26, 1934, and currently codified and amended as I.R.C. ch. 53. The law is an Act of Congress in the United States that, in general, imposes an excise tax on the manufacture and transfer of certain firearms and mandates the registration of those firearms. The NFA is also referred to as Title II of the federal firearms laws, with the Gun Control Act of 1968 ("GCA") as Title I.

All transfers of ownership of registered NFA firearms must be done through the National Firearms Registration and Transfer Record (the "NFA registry"). The NFA also requires that the permanent transport of NFA firearms across state lines by the owner must be reported to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). Temporary transports of some items, most notably suppressors (also referred to as silencers), do not need to be reported.