FDBusiness.com

WSTA Welcomes Decision to Scrap the Alcohol Duty Escalator

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

WSTA Welcomes Decision to Scrap the Alcohol Duty Escalator

WSTA Welcomes Decision to Scrap the Alcohol Duty Escalator
March 20
16:17 2014

The wine and spirit industry is set to save £175 million in additional duty payments following the British Chancellor’s decision to scrap the Alcohol Duty Escalator, according to Budget forecasts.

The decision follows the successful Call Time on Duty campaign, spearheaded by the Wine and Spirit Trade Association, along with the Scotch Whisky Association and The TaxPayers’ Alliance, and saw almost 90% of MPs emailed by their constituents through the www.calltimeonduty.co.uk website.

As a result of the Chancellor’s changes, wine duty is set to rise by RPI inflation (2.5%), instead of the expected 4.5%, and spirits duty will be frozen altogether for this year.

WSTA chief executive Miles Beale comments: “The Chancellor’s decision to scrap the alcohol duty escalator a year early and freeze alcohol duty for spirits is fantastic news and will be widely welcomed by consumers and businesses. The move will help British pubs, bars, and restaurants up and down the country, and will boost jobs and investment in the great British drinks industry and in the hospitality sector more widely.”

Independent economic research from Ernst and Young has found scrapping the escalator will boost the public finances by £230m and create 6,000 new jobs.

He adds: “While we would have liked to have seen a complete freeze on wine duty, this is a positive step and as such the WSTA applauds the Chancellor’s decision to scrap the escalator.”

The revised rates are due to come into effect at midnight, Sunday 23rd March.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements