Published: 08 August, 2023
It doesn’t seem to matter what flavour of government you have at the moment – when it comes to the spirits and hospitality industries, there’s a stench of incompetence. In Scotland we have the incredibly public failure of the DRS scheme, which, as a result, has wasted millions of pounds of taxpayers’ money. But don’t be fooled – it really is no better, south of the border. Westminster will raise you a cock up, in the form of the increased duty rates.
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Faced with a significant duty rise from 1 August, many in the business of selling wine are bracing themselves for a new round of pain. Unwilling to pass on price rises to cash-strapped customers, but needing to protect already thin margins, this unpopular hike in tax is understandably the talk of the trade. And all of this is to happen at a time when implementation will impact on hospitality outlets, forcing a reorganisation of wine lists during the crucial summer trading period.
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Published: 31 March, 2023
Confirmation that the UK has signed up to the Asia-Pacific trade pact will open new markets down the line for some in the drinks trade, but will offer little sustenance in the short term.
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Published: 15 March, 2023
The trade is facing what has been dubbed a ‘double-pronged tax hike’ following the UK’s Spring Budget earlier this week (15 March), with the freeze on alcohol duty increases to end on 1 August 2023.
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Published: 14 March, 2023
Industry heads are warning that wine drinkers could face rocketing prices if the chancellor goes ahead with a double-pronged tax hike, likely to be announced at tomorrow’s Spring Budget.
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Published: 23 September, 2022
Planned increases in alcohol duty have been ditched by new Chancellor Kwasi Kwarteng in his mini-budget, as unveiled on 23 September.
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Published: 22 March, 2022
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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Published: 04 March, 2022
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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Published: 21 January, 2022
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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Published: 18 January, 2022
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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Published: 17 December, 2021
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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Published: 27 October, 2021
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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Published: 19 October, 2021
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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Published: 15 February, 2021
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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Published: 20 January, 2021
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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Published: 01 December, 2020
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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