The Sunday Times has predicted that the UK’s Chancellor will announce a landmark overhaul in the way that alcohol beverages are taxed, noting that Treasury officials regard the system as “outdated, complicated, and full of anomalies.” The Chancellor reportedly may reduce the duty on sparkling wine to the same level as the one for still wine, provide tax advantages to English sparkling wine producers, increase duties on expensive red wines, and introduce special “keg taxes” on barrels delivered to pubs and clubs. Concern has been expressed about the timing of these changes, which could distort consumer purchasing during or after the holiday season.
30-01-2023 | News
WineAmerica, the National Association of American Wineries, reported progress in a vineyard acreage...
30-01-2023 | News
Recent storms in California caused about $30 billion in damage to...
30-01-2023 | News
Following an exchange between Australian and Chinese trade officials attending...
05-01-2023 | News
Wine and spirits businesses are seeking help from the UK government regarding...
05-01-2023 | News
President Putting has reportedly instructed the Russian government to implement a long-term...
05-01-2023 | News
Japan’s National Tax Agency (NTA) has proposed nine new geographical indications (GIs)...