Duty
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200% US Tariffs
The European wine industry is facing a significant threat following US President Donald Trump’s warning of a 200% tariff on EU wine imports. Trade bodies on both sides of the Atlantic have expressed alarm, warning that such a move would devastate European wine producers and severely disrupt the transatlantic alcohol trade. Ignacio Sánchez, secretary general…
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Alcohol Reductions
When it comes to the duty on UK wine, one factor aside from price that is increasingly coming into the equation is alcohol level. By reducing alcohol, producers can actually bring the price of wine down to below what it was before the recent duty increases. Speaking to importers at tastings, this is an ongoing…
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Do You Want a ‘Watered’ Down Version of a Wine?
Richard Siddle writes on the London (Trade) Wine Fair web site on how our wines might be changing soon, without our consent. Richard discusses the complexities and strategies behind wine selection and sales in retail outlets, driven primarily by industry dynamics rather than consumer preference. Factors like international currency strength, harvest quality and government taxes…
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The Evolving Advice for UK Wine Buying
The UK’s wine market is undergoing a transformation, influenced by factors like the cost of living crisis, Brexit and new alcohol duty regulations. David Williams, a wine writer for The Guardian newspaper, has some advice for navigating this shifting landscape. David says the new baseline for a good, everyday bottle is £8 rather than £5.99….
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A Gradual UK Duty Rate Rise
If you’ve been visiting the wine shops over the past month, you may have noticed something peculiar. Despite the recent duty hike, not all wine prices have gone up. In some instances, like at Asda, prices initially remained stable, with a few wines experiencing a, greater than duty change, surge much more recently. Meanwhile, The…
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Increases in UK Wine Duty
From August 1, 2023, the UK has a new taxation policy on alcohol, primarily based on the drink’s alcohol strength. This change is expected to cause an approximate 9% rise in duty for nearly 90% of all still wine. With an additional 10.1% duty increase linked to the Retail Price Index (RPI), wine drinkers are…
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