Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Taxes on wine and spirits set to rise as duty on a pint is cut

by January 31, 2025
January 31, 2025
Taxes on wine and spirits set to rise as duty on a pint is cut

From Saturday, the cost of wine and spirits will climb as the government raises alcohol duty in line with inflation and implements new rules linking tax levels to the strength (ABV) of each drink.

While trade bodies warn that this will be a “bitter blow” for the sector, the duty on draught pints is set to fall by a modest 1.7 per cent—resulting in roughly 1p off an average-strength pint.

Under the revised system, taxes on some stronger drinks will go up even more. A temporary reprieve for certain wines ended last week, meaning duty on a 14.5% ABV bottle of red wine has risen by 54p, according to the Wine and Spirit Trade Association (WSTA). The WSTA argues that such increases risk undermining government revenue goals, as higher prices could prompt consumers to buy less, while at the same time squeezing drinks producers.

However, a Treasury spokeswoman defended the policy, highlighting the government’s drive to “modernise and simplify” the duty system in a way that supports lower-strength drinks. The Treasury has also expanded small producer relief for beverages below 8.5% ABV, aiming to help smaller-scale brewers and craft producers.

Although pubs welcome the minor tax break on draught drinks, they still face a wave of cost pressures. This April, increased National Insurance contributions for employers and the higher minimum wage could force pubs to raise pint prices by as much as 30p to 40p. Tim Martin, chief executive of JD Wetherspoon, estimates that staff cost rises will amount to £80 million a year for the chain.

The British Beer and Pub Association is urging the government to maintain support for the sector, warning of an “April cliff edge”. Yet some union representatives maintain that large pub companies should absorb some cost increases rather than passing them on to customers.

For consumers, the cost of many alcoholic beverages—especially wine and spirits—will inch upward just as living costs remain high. Meanwhile, small brewers and producers offering lower-strength pints stand to benefit from the changes, potentially helping them to compete against supermarket deals on alcohol.

Read more:
Taxes on wine and spirits set to rise as duty on a pint is cut

0
FacebookTwitterGoogle +Pinterest
previous post
Trump facing 1st test in Africa amid bloody battles ‘over electric vehicle battery minerals’ 
next post
Abramovich faces fresh calls for HMRC probe over potential £1bn tax bill

You may also like

Huw Edwards jumps to third-highest BBC earner despite...

July 23, 2024

How Does a Commercial Law Service Help You...

August 26, 2022

Homeowners face £3,000 rise in mortgage payments

December 30, 2022

Netflix doubles down on UK productions despite slowdown

April 27, 2023

CBI boss Tony Danker steps aside after misconduct...

March 6, 2023

British LGBT Awards 2025 unveils shortlist of business...

February 26, 2025

Trump’s tariffs ‘already hitting Britain’s steel exports’

March 19, 2025

How to choose the right business broker for...

May 23, 2024

The Influence of Social Media Enhancements on iGaming

October 30, 2024

Modern Milkman secures £50M after closing investment round

November 22, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Skoda overtakes Tesla in Europe as EV buyers turn to cheaper alternatives

      June 25, 2025
    • Aston Martin resumes US exports after Trump tariffs lifted

      June 25, 2025
    • Bernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump

      June 25, 2025
    • Iran, Israel and US agree that Islamic Republic nuclear sites were ‘badly damaged’ despite leaked intel report

      June 25, 2025
    • UN’s atomic agency’s Iran policy gets mixed reviews from experts after US-Israel ‘obliterate’ nuclear sites

      June 25, 2025
    • Democratic congressman hurls profanity-laced message at Stephen Miller

      June 25, 2025

    Categories

    • Business (8,313)
    • Investing (2,072)
    • Politics (15,801)
    • Stocks (3,167)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved