Wednesday, June 23, 2021

Whisky for the Chancellor

Scotch Whisky Association calls for a reduction in duty on spirits and highlights that the tax on a £12.50 bottle of Bell’s Whisky is a staggering £9.98

 

Revelations by the Scotch Whisky Association that UK whisky drinkers are paying 35% more in tax than those in Holland have resulted in calls for George Osborne to reduce duty in the forthcoming Budget.

 

whisky
The Scotch Whisky Association is urging the Chancellor to do more to support distilleries such as Lagavulin

 

UK drinkers, it transpires, pay more tax on spirits than those in Bulgaria, Croatia, Italy and Spain combined and whilst the tax on whisky is 44% in Holland, in Britain it is 79% of the retail price paid by consumers.

 

As illustration of how tax on alcohol is currently structured in Britain, we list the total tax on three brands of whisky, vodka and gin below:

 

£12.50 bottle of Bell’s Whisky:

– Duty: £7.90

– VAT: £2.08

– Total tax: £9.98

 

£12 bottle of Smirnoff Vodka:

– Duty: £7.41

– VAT: £2

– Total tax: £9.41

 

£12.50 bottle of Gordon’s Gin:

– Duty: £7.41

– VAT: £2

– Total tax: £9.49

 

Complaining that this “unfair tax” is crippling the industry and requesting that the Chancellor cuts duty for spirits by 2%, David Frost of the Scotch Whisky Association commented:

 

“[Our latest] report shows just how significant the Scotch Whisky industry is to the wider UK economy, adding £5 billion of value, supporting over 40,000 jobs, and contributing £4 billion to Britain’s trade performance”.

 

 

“Given the scale and impact of the Scotch Whisky industry we believe the government should show its support. One way of doing so, in the short term, would be for the Chancellor to cut excise duty by 2% in the March Budget. It is unfair on the industry and consumers, and detrimental to the economy, that almost 80% of the average price of a bottle of Scotch is taxation”.

 

Producers also suggest that cutting duty would boost public finances as such a move would generate an estimated £1.5 billion in increased investment and new jobs across the industry.

 

The wine and spirits industry in Britain contributes a total of £45 billion to the UK economy each year and today The Steeple Times joins with those who believe that it is time that the government give it and drinkers a break.

 

To support the campaign to ‘Drop the Duty’, sign up by following on Twitter at @droptheduty.

 

 

Subscribe to our free once daily email newsletter here:

     

    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

    1 COMMENT

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Advertisement
    Advertisement

    Become a Patron of The Steeple Times

    Independent journalism will only remain independent if it is supported by clear-thinking people like you. We each have the command to make a real difference. Join us.

    2,668FansLike
    2,068FollowersFollow
    10,882FollowersFollow

    Subscribe For DAILY NEWS

    Please subscribe, like and share this very British site, it helps us grow. Your data is protected and The Steeple Times will send you an email at noon everyday that we rather trust you will enjoy.

    Advertisement

    Other Stories You May Enjoy

    Peter Jukes

    Bringing Beecher To Book

    Nikolay Kalinin urges readers to support journalist and screenwriter Peter Jukes’ crowdfunder as he commences legal action against mucky madam Ghislaine Maxwell’s moronic mouthpiece Jay Beecher.
    Doggy bag

    Celebrating The Doggy Bag

    Nikolay Kalinin celebrates the ‘Daily Mail’s’ campaign to encourage restaurant customers to take doggy bags home with them and joins those slamming Wetherspoons decision to refuse to participate.
    Russell Brand Bear dog wallaby killer

    Branding Henley’s Wallaby Killer

    Russell Brand should be condemned not congratulated after his rabid dog killed a wallaby in the scene of weird animalistic happenings, Henley-on-Thames.
    Drax Avenue Wimbledon SW20 roofless ruin

    A £5m Roofless Ruin

    Fire damaged Wimbledon house with half its roof missing goes on sale for the staggering sum of £5 million; is this Britain’s most expensive roofless wreck?
    Chesham and Amersham goes yellow 2021

    The Return of the Yellow Card 2021

    Nikolay Kalinin analyses the reasons behind the Liberal Democrats’ success in the 2021 Chesham and Amersham by-election; is Boris Johnson about to suffer further at the hands of the ‘yellow peril’?
    Day 5 Royal Ascot 2021

    Runners & Riders – Day 5, Royal Ascot 2021

    Matthew Steeples analyses the top tipsters’ selections for Day 5 at Royal Ascot 2021 after landing 1st places at 22/1 and 19/4 yesterday.
    Ghislaine Maxwell Christopher Mason mate

    Missing Mate Ghislaine…

    As her chirping crooner chum Christopher Mason parties in prison-orange pants with her other mates, ‘Grubby Ghislaine’ Maxwell languishes in a paper jump suit; look at who and what she’s missing out on in the Hamptons… For her, it’s Krug-less via a bit of “Orange Is The New Black.”
    Royal Ascot 2021

    Runners & Riders – Day 4, Royal Ascot 2021

    Matthew Steeples analyses the top tipsters’ selections for Day 4 of Royal Ascot 2021 after landing a 22/1 winner yesterday and a 45/1 third place.
    The Gavinator Gavin Newsom vs Bosie The Clown Boris Johnson

    The Gavinator vs. The Clown

    Nikolay Kalinin contrasts ‘The Gavinator’ Gavin Newsom’s reopening of California with Boris Johnson’s still closed Britain and slams the latter for allowing the Indian variant to spread.
    Royal Ascot 2021 Day 3

    Runners & Riders – Day 3, Royal Ascot 2021

    Matthew Steeples analyses the top tipsters’ selections for Day 3 of Royal Ascot 2021 and offers some longshot choices at huge odds in 5 of the 7 races.

    Popular Articles From The Past

    Weather

    London
    few clouds
    18.1 ° C
    20.1 °
    15.9 °
    52 %
    4.1kmh
    20 %
    Wed
    20 °
    Thu
    18 °
    Fri
    16 °
    Sat
    17 °
    Sun
    18 °