Wine sales in Ireland plunged by almost 10% last year following the implementation of Europe’s highest wine excise duty rate.
The National Association of Cider Makers has warned the trade to be alert to differences in how various types of cider are affected by the UK government’s new ban on selling alcoholic drinks below cost.
UK wine distributor PLB’s new managing director John Osborne believes the deep discounting culture in supermarkets has “muddied the water” in the UK.
The illicit wine market could have cost the UK up to £700 million in revenue losses last year, according to the first ever estimates on this category to be released by HM Revenue & Customs.
The UK chancellor George Osborne is facing a £100 million shortfall in the duty he collects from alcohol, according to new figures released by the Wilson Drinks Report.
The Wine and Spirit Trade Association (WSTA) has claimed that the government’s wine and spirits duty escalator is to blame for the UK’s high alcohol prices.
The amount of beer confiscated by HM Revenue & Customs (HMRC) has more than doubled over the last three years.
Two brothers from the UK midlands have been jailed after they were discovered trying to avoid paying more than £4.7 million in alcohol duty.
Research by Barclaycard has found that spending in pubs on credit and debit cards following the cut has been boosted by 4% since March.
Analysis from the WSTA has found women to bear the financial brunt as the beer tax cut is wiped out by wine and spirit increases.
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