The Wine and Spirit Trade Association (WSTA) warns that the largest alcohol tax increases in nearly fifty years will cripple the UK wine sector, noting that fortified wines will be damaged most. Port will be subjected to a 44% duty increase, and the price of most fortified wines will increase by about £1.50 per bottle, including duty and VAT. The new taxes on still wine will not take effect for 18 months, but the tax increases on fortified wines will take effect immediately on 01 August 2023.
Photo credit: Unsplash
06-05-2024 | Trend
Negroni ûber alles… Ancora una volta il celebre aperitivo è...
19-03-2024 | News
Unctad, composed of 195 countries, is the Un focal point...
01-03-2024 | Estero
Qatar Duty Free ha annunciato l'acquisizione completa di Qatar Distribution...
26-02-2024 | Arte del bere
Pietro Russo, rinomato enologo siciliano, ha ottenuto il prestigioso titolo...
20-02-2024 | News
Chilean scientists Carmen Soto and Lida Fuentes are conducting innovative...
29-01-2024 | News
From December 4 to 8, 2023, the 3rd edition of...