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Conviviality to raise £125 million to avoid collapsing

Published:  22 March, 2018

Conviviality has confirmed its likely to go out of business if its fundraising bid to raise £125 million fails.

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Cash strapped Conviviality looks to equity fundraise to meet £30m tax bill

Published:  16 March, 2018

Cash strapped wholesaling group Conviviality has announced it is in talks to begin equity fundraising in to plug a £30m tax shortfall which is due on March 29.

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Budget: duty frozen on wines, spirits and beers

Published:  22 November, 2017

Duty on wines, spirits and beers is to be frozen, Chancellor Philip Hammond announced in today’s budget, allaying trade fears of another rise in line with inflation.

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The WSTA guide – what you need to know and what you need to question about the forthcoming budget

Published:  15 November, 2017

Budget speak explained by the WSTA

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‘Public’ says alcohol taxes a cash cow for government

Published:  29 October, 2017

Just one in 10 of the British public believe that increased taxes on alcohol goes towards helping people who misuse alcohol, according to new research by Drinkers’ Voice released today.

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Scotch Whisky sales dive on the back of hiked spirits tax

Published:  12 October, 2017

Scotch whisky sales fell by one million bottles in the first half of 2017 in the UK following the hiked spirits tax in the March budget.

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Diageo challenges £107m tax bill

Published:  12 May, 2017

HMRC has ordered spirits giant Diageo to pay a whopping tax bill of £107m as part of an investigation into ‘diverted profits’.

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