Tax
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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…
