Alcohol Duty Changes in the UK
Alcohol Duty Changes in the UK
So, what is happening?
The UK government has announced changes to alcohol duty rates, which will come into effect on 1 August 2023. The changes will increase the duty rates on many alcoholic products produced in, or imported into, the UK.
Who is likely to be affected?
Individuals and businesses involved in the manufacture, distribution, holding, sale and consumption of alcoholic products. This includes anyone selling alcohol in the UK, no matter the setting.
Learn more on the official government website...
If you are in any way involved in the manufacture, distribution, holding or sale of alcoholic beverages, we suggest you read the official policy papers from the government:
https://www.gov.uk/government/publications/changes-to-alcohol-duty-rates/alcohol-duty-rate-changes
All changes will take effect from 1 August 2023.
This is Bordeaux in South-West France in case you were wondering! Yes, the home of ‘Claret’ is where some of the most desirable (and subsequently expensive) wines are to be found. It’s easy to assume that the ‘classed growths’ as ordained in the 1855 classification is what it is all about and for sure, there are dozens of venerable properties following on the coat tails of the ‘big five’ – Chateaux Haut Brion, Lafite, Latour, Margaux and Mouton-Rothschild along with a hand full of stellar properties on the ‘Right Bank’ such as Cheval Blanc and Pétrus. It’s easy to get sucked into the intrigue and mystique when you will have to shell out north of £3k for a single bottle of 1982 Ch. Lafite, however, these ‘investment grade’ wines only represent a tiny proportion of the regions output. For most of us mere mortals, Bordeaux has plenty of delicious wine to offer at considerably more modest prices!