Yup, UK doesn&#x27;t do hypothecated taxes. In any case, if they do this correctly it should be revenue neutral because the only possible justification for this - the one used by all the public health activists - is there are negative externalities which need to be compensated for, which makes this a Pigouvian tax [0] and PTs are supposed to be revenue neutral (though see the wiki for the huge amount of complications in making this so).<p>[0] <a href="https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Pigovian_tax" rel="nofollow">https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Pigovian_tax</a>