Right now I have seen the duty changes it’s clear this not good news. Most still wines especially new world range at 13% to 15%. So in effect these will not only be more difficult to declare but certainly more expensive with at least 50p on a bottle before vat.
The for fizz these mostly come down but again your find that most fizz is around 12.5%. So the reduction here is considerably less that the increase on Still wines.
Now when you look at actually sales of all wine still out sells fizz around 4 to 1. I am sure someone will quote the exact difference. So in actual fact the wine trade has just seen a massive increase across the board on what people actually consume.
Moreover it does favour U.K. producers (as it should) but bearing in mind that the U.K. produces so little this will not be good for consumers in 2023 overall. It will however be very good for the tax take on wine. Whoever at HMRC put this together has really done their homework.
My finally take is that to pretend this will be easier to manage for declarations is simply not true. Moreover Chief wouldn’t be able to handle it, hence why it’s been kicked into 2023 and when CDS is in place. So as ever the tories increase taxes but pretend they have decreased.
I have now done a quick check on Sparkling wine sales in the UK.The total is 175m bottles pa. Only 2m are UK made. Still wine is approx 10bn bottles (@WSTA_Miles do correct me if this is incorrect in a big way) here is a handy link for global consumption. alcohol.org/guides/beer-wi…
So yesterday in basic numbers fizz was cut by 68p on 175m bottles which is a drop in tax of £119m for fizz. However and extra 50p on still based on 10bn is of course £5bn up. So the consumer is paying an extra £4.7bn. So that’s clearly not a tax cut is it!
So again to make this really simple for the wider public to understand, your bottle of wine from Australia at 14.5% alc will go up £1.20 per bottle in UK taxes. So £7.99 will become £9.99 by the time you apply margin etc. #thegreatwinelie
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