Drinks industry hit by duty rise

24 March, 2010

Today’s Budget has dealt a major blow to the drinks industry as Alistair Darling announces a hike in alcohol duty.

The duty for beers, wines and spirits will rise by 2% above inflation from midnight on Sunday (March 28).

Duty on cider - which Darling described as “under-taxed” - will also be increased by 10% from Sunday night.

He added that changes will be made in September to the definition of strong cider and that brands with high abvs will be even more heavily taxed.

Darling ignored pleas from the industry to scrap the controversial duty escalator — meaning alcoholic drinks tax will continue to rise by 2% above inflation each year for the next two years, amounting to an overall rise of 5%.

In his third and final Budget before the general election Darling also announced tobacco duty will increase from today by 1% above inflation.




Bookmark this


Site Search

COMMENT

Faith in fakes

One of the most fascinating stories in wine, fit to stand alongside the Judgement of Paris, is that of Rudy Kurniawan, a man who managed to fool friends, auction houses and experts into believing they were drinking some of the world’s most expensive wines.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter