If youre unsure of your local regulations we strongly recommend consulting with local authorities to ensure compliance
This depends entirely on your investment style, time availability, and preference for control: are better for passive investors who want broad diversification with minimal ongoing management
Figure 1 / Minimum tax per cigarette, tax per HTP stick and tax differences new act vs 2024 (EUR) Source: Excise Duties and Tax Warehouses Acts and authors calculations
Excluding these adjusting items and the impact of translational foreign exchange, on an adjusted constant currency basis, the Group's share of post-tax results from associates and joint ventures was higher than 2022, up 14.5% to 611 million
Alongside this, we work with millions of small, independent retailers who in turn use the experience and expertise of our trade marketing teams to build successful businesses and ensure they play a vital role in preventing underage sales