The UK wine trade is aligned on this: make the wine duty easement permanent. Allowing it to end on 01/02/2025 would introduce significant additional administration and cost - both inhibitors to growth
@jamesmurray_ldn@RachelReevesMP @livbailey @hmtreasury@wstauk#wine#duty
The #WSTA is asking @jamesmurray_ldn to avoid costly changes to wine tax.🍷
Concerned wine retailers are today contacting customers to warn that wine prices will go up & some of their favourite wines may disappear.
@hmtreasury can prevent this 🙏 keep the wine easement #Budget.
Sunak’s wine legacy.
The highest rates of duty on wine in Europe, with 64 bands of duty (to replace just 2!) from 1 Feb 2025.
Will the next government do the right thing - it’s a simple move - and help businesses and consumers?
My monthly newsletter…
https://t.co/mnvodOAHTP
Wine duty article in @thetimes today
The Government:
🔴Hiked #wine#duty by 20% in August 2023
⭕��Raised £400m less wine duty over the last 5 months
⭕️Is now dealing with alcohol #inflation running at double the rate of UK CPI
#CutDrinksTax @Jeremy_Hunt
https://t.co/lWXMwLrSq1
🍷 🍸
👉🏼 Sales down 4 - 7% ⬇️
👉🏼 Revenue for government down £436m in 5 months ⬇️
👉🏼 Average prices up 8 - 17% ⬆️
The Chancellor should cut #duty & maintain the wine easement at #Budget2024@wstauk@Daily_Express
🚨 HMRC’s latest data shows excise duty receipts for wine & spirits were down £436m for @hmtreasury between Sept & Jan compared to 2022/23.
Add to that, losses from beer & cider, Treasury coffers are down almost £600m 📉
#CutDrinksDuty🙏@Jeremy_Hunt
https://t.co/sOqmfjneb2
Government’s own figures show that last year’s historic duty increases are fuelling #inflation. If the Government is really serious about tackling inflation, then it must #CutDrinksDuty at next month’s Budget. ��🍸
#WSTA #WineAndSpirits
Last week, we were happy to support the @wstauk at @POLITICOEurope#Westminster Winter Drinks, serving @laithwaites Windsor Great Park English Sparkling
A great forum for discussing key #wine trade topics:
- wine duty easement
- Extended Producer Responsibility
- DRS
- PRNs
On 1st August @Jeremy_Hunt implements the largest wine duty hike in 5 decades: Still wine up 20%, Fortified up 44%
❌Risks fuelling UK inflation
❌Risks £4.7bn p.a. raised by the wine trade for the Exchequer
❌Adds yet more red tape for the UK's wine trade
#wine#FairerDrinksTax
Don't take it from us... listen to the WSTA members!
They are right ☺️ if you aren't already a member of the WSTA ,you should be.
To find out how to join go to 👇https://t.co/uLJQeRZlLu
🥂🍷🥃🍸#FairerDrinksTax#wine#spirits