The Wine and Spirit Trade Association (WSTA) has convened a meeting of MPs and Lords to hear first-hand from British businesses how the ‘punishing’ proposals for duty reform from three to 27 tax bands will negatively impact the drinks industry and consumers.
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With the wine trade potentially facing a damaging new duty regime, Andrew Catchpole convened a panel at Wine Paris to ask: “Will the proposed new excise duties in the UK make wine unaffordable?”
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Accolade Wines is the latest major wine company to join calls urging the government to take stock of its alcohol duty review.
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Calls for the drinks trade to voice its concerns over the government’s alcohol duty review have ramped up as the consultation period nears its close on 30 January, potentially adding a £220 million additional tax burden on wine.
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Liberty Wines has joined a growing roster of UK drinks companies in voicing its concerns around the upcoming government alcohol duty review, which is under consultation until 30 January 2022.
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Today’s Budget announcement included a year-long cut to business rates for the leisure and retail industry, meaning pubs, restaurants and bars will pay 50% less for 12 months.
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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.
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Trade Secretary Liz Truss is considering introducing a 25% tariff on US wine imports as part of an ongoing trade conflict caused by Donald Trump imposing a 25% tariff on US steel imports in 2018.
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The Wine and Spirit Trade Association (WSTA) has won a significant post-Brexit victory after government has agreed to scrap the time consuming and costly VI-1 forms on imported wine.
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The TaxPayers’ Alliance (TPA) has added its voice of support for the English wine industry calling for an end to the “unfair tax system that is crippling the industry”.
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Will the chancellor address the continuing controversy over punishing duty rates in the wine and spirits sectors in the 3 March Budget? Lisa Riley reports.
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Wine Drinkers UK (WDUK) have renewed their calls for the government to recognise wine as the UK’s favourite drink by cutting increasingly burdensome taxes.
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UK Hospitality (UKH) and the British Institute of Innkeeping (BII) have called on the government to “revamp and simplify” the system of alcohol duty in order to boost businesses and deliver on the government’s public health initiatives.
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Key suppliers to the shuttered on-trade have called on the government to help them survive Covid-19, pointing both to clarification on reopening measures and greater financial support.
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Troy Christensen, CEO at Enotria & Coe, talks frankly with Andrew Catchpole about the impact of the current crisis on on-trade suppliers and the daunting challenges ahead for the hospitality sector.
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The Comité Européen des Entreprises Vins (CEEV) has put together a Covid-19 ‘wine package’ in order to mitigate the devastating effects of the pandemic – present and future – on the wine sector.
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Almost 95% of companies taking part in a new members survey by the WSTA have agreed with the industry body’s call on the government to suspend excise duty for six months.
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The WSTA, which has relentlessly called on the Chancellor to suspend duty payments, last night said it assumed the payments would be due today (25 March) with no formal response from the Treasury to suggest otherwise.
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The hospitality industry has reiterated the urgency of the implementation of a six-month lease forfeiture moratorium for commercial businesses to prevent landlords taking control of premises in the event of non-payment of rents.
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The Wine and Spirit Trade Association (WSTA) is calling on officials to urgently suspend all alcohol duty to ease the tax burden on beleaguered businesses ahead of next week’s deadline.
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