excise


excise
excise ex‧cise [ˈeksaɪz] noun [countable, uncountable] TAX
1. a government tax that is charged on certain goods that are sold in the country, for example alcoholic drinks and petrol:

• An excise on home production of tobacco could have produced the same revenue as a tax on imports.

• The Chancellor decided not to increase excise on whisky.

• an excise officer (= someone who collects excise )

2. the Excise in Britain, a group of government officials whose job is to collect excise and some other taxes — see also Customs and Excise

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excise UK US /ˈeksaɪz/ noun [C or U] TAX
tax that is paid to a national or state government on some types of goods such as alcohol, cigarettes, or petrol: excise on sth »

Pennsylvania is one of just three states that does not collect an excise on cigars.

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The burden of tax borne by smokers is greater than that on any other excise goods.

Compare CUSTOMS DUTY(Cf. ↑customs duty)
See also CUSTOMS AND EXCISE(Cf. ↑Customs and Excise)

Financial and business terms. 2012.

Synonyms: