Wine prices are set to increase as UK retailers brace for significant changes to wine taxation starting February 2025. Businesses warn that the new system will require six-figure investments to handle the administrative burden, with potential annual costs also running into similar sums.
Read more...
Wine and spirit businesses are calling on the government to freeze alcohol duty for at least two years, arguing it will help offset declining revenues and support public finances.
Read more...
A duty cut to Scotch Whisky and other spirits would generate an extra £1.6bn over five years for public services, a new report has found.
Read more...
Soaring alcohol inflation has made an explosive hole in HMRC’s receipts, new figures reveal.
Read more...
Penfolds has unveiled a new wine blended from five vintages of Grange named Penfolds g5.
Read more...
Reports from the national press suggest that the premium on sparkling wine duty could be scrapped by chancellor Rishi Sunak in the upcoming Autumn Budget in a move which could bring sparkling wine duty in line with still.
Read more...
Treasury Wine Estates’ (TWE) augmented reality wine brand, 19 Crimes, is moving into the hard seltzer category where the company is looking to broaden its appeal among a new generation of drinkers.
Read more...
Penfolds has released its first ever Californian wine – a move that forms part of a major restructure of parent company Treasury Wine Estates’ (TWE) operating model which aims to rebalance its US operations and focus on new Penfolds launches outside of Australia.
Read more...
The Wine & Spirit Trade Association (WSTA) is calling on the Chancellor to extend the VAT reduction as well as the duty cut for alcohol as it says businesses in the on-trade have been ‘unable to feel the benefit’ of the schemes.
Read more...
A new report from a committee of MPs into the impact of VI-1 wine import certificates has warned that the red tape will cause chaos and price hikes.
Read more...
The Eat Out to Help Out (EOHO) government discount scheme was used more than 35 million times in its first two weeks, new figures from the Treasury have revealed.
Read more...
Treasury Wine Estates (TWE) is bringing Samuel Wynn & Co to the UK, three years after its debut in Australia.
Read more...
Profits at Treasury Wine Estates leapt 16% over the last year, driven by the group’s focus on premiumisation.
Read more...
Thirty members of the Treasury Wine Estates (TWE) team took on the Thames Path Challenge on Saturday (9 September).
Read more...
