Duty to more than double by 2017, says Wilson Drinks Report (by Harpers.co.uk)

Posted: December 8, 2012 by wynmaker in Alcohol, Ale, Beer, Beer News, Wine, World wine news
Tags: , , , , , , , , , , , , ,

taxDuty on wine will more than double over the next five years, due to the HM Treasury expecting the increase in economic growth to be matched by a rise in the sales of wine, according to the Wilson Drinks Report.

Tim Wilson, managing director of WDR, said the Chancellor’s Autumn Statement was accompanied by updated forecasts of the UK economy by an independent report from the Office for Budget Responsibility, which forecasts increases in total duty receipts to rise significantly.

The OBR predicts between 2011/12 and 2016/17 beer and cider duty will rise by 8%, wines by 52% and spirits by 29%.

WDR identified back in March 2012 that receipts on beer, wines and spirits would all signficantly increase over… read on

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