Whiskey distillers welcome excise duty change
Scotch whisky distillers have welcomed the government's clarification of changes to the excise duty on spirits, following this week's pre-Budget report.
Draft legislation published yesterday raises excise duty by 4% rather than the originally proposed 8%.
On the basis of the revised figures, taking into account a temporary 2.5% cut in VAT, the overall duty burden on scotch whisky will now remain broadly unchanged..
Gavin Hewitt, chief executive of The Scotch Whisky Association (SWA), said: "The SWA welcomes the government's quick and positive action to ensure that the overall duty burden faced by scotch whisky in its home market remains broadly unchanged as a result of this week's pre-Budget report. This is a good signal to our many overseas markets."
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