Tax
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Protest Against February Duty Hike on Wine
Tim Atkin, Master of Wine, has announced that wine friends are coming together to protest against the exorbitant and potentially devastating February duty hike on wine in the UK. To join the campaign, send a flattened wine capsule or screwcap to Rachel Reeves at HM Treasury, 1 Horse Guards Road, London SW1A 2HQ, with a…
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Shoppers Unhappy Over Lower Alcohol Levels in Popular Wines
The Drinks Business is reporting that Tesco shoppers have voiced frustration online over popular wine brands reducing alcohol content, with some accusing producers of quietly lowering alcohol by volume (ABV) levels. Due to rising UK import duties based on alcohol levels, producers are cutting ABVs on budget wines to manage costs. Concha y Toro, for…
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UK EPR Will Cause Wine Price Increases
Extended Producer Responsibility (EPR) for packaging is a new UK legislation aimed at making producers fully responsible for managing packaging waste costs. The EPR fee structure includes Environmental Regulator Fees, covering Packaging Recovery Notes (PRNs) and Environment Agency fees, and Scheme Administrator Fees, which cover recycling costs for household and public bin packaging waste. The…
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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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New Post-Brexit Wine Duty Bands Unworkable?
Jack Simpson from The Guardian newspaper reports on the concerns of UK wine industry about post-Brexit tax changes set to increase the complexity of alcohol duty, leading to higher wine prices for consumers. The new system, effective from February 2025, will introduce 30 tax bands for wine, replacing the previous single band. This change, which…
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Calls for UK Budget Alcohol Relief to Boost Business and Curb Inflation
The Independent Newspaper is reporting that the alcohol industry is calling for cut to punishing duty rates. The Wine and Spirit Trade Association (WSTA) has voiced concerns over the detrimental effects of last year’s significant increases in alcohol duty, highlighting the negative repercussions on UK businesses and the broader economy. These increases, described as the…
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