Alcohol duty frozen in the UK until 2025

게시됨 2024년 3월 6일

Tridge 요약

The UK government has frozen alcohol duty until 2025, a decision that has been met with mixed reactions from the industry. While the freeze has been generally welcomed, concerns have been raised about the end of wine easement and new taxation rules from 2025. The pub industry is also facing a £450m increase in wage costs and business rates, with 500-600 pubs expected to close this year. Despite a 2p cut in National Insurance contributions, the lack of direct support for pubs and independent breweries in the Spring Budget has been criticised.
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원본 콘텐츠

Alcohol duty had been due to rise by 3% in August, but will now rest frozen until February 2025. While alcohol bodies had campaigned for a cut to alcohol duty, they have welcomed the freeze against the wider challenges facing the industry. The UK’s wine and spirit industry is ‘breathing a sign of relief’ following the announcement, says Miles Beale, chief executive of the Wine and Spirit Trade Association (WSTA) – particularly given the introduction of a new alcohol duty system just six months ago.​ However, he points out that the freeze is only a reprieve and that wine and spirits business still have to steel themselves for complex rules: one of those being the end of wine easement. “The benefits of a freeze will be short lived for wine businesses who are fuming after confirmation that costly and fiendishly complex new taxation rules will come into force from 1 February 2025," he said. "The changes to taxing wine have been described as “un-administrable” and “sheer lunacy” by our ...

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