WSTA: What proposed UK duty rates could mean for wines, beers and spirits
The Wine & Spirit Trade Association in the UK has responded to the government's new proposed changes to the duty system by setting out what it beliives could be the result of changes that are due to come into force in February 2023.
- Duty on a 750ml bottle of still wine at 12% remains at £2.23 until February 2023, if the new duty rates go ahead duty will go up to £2.33 (+10p) (which goes up to12p on the sales price when you include VAT).
- Duty on a 750ml bottle of still wine at 15% will remain at £2.33 until February 2023 when the duty rate will go up to £2.91 (+68p) (+82p including VAT).
- Duty on a 750ml bottle of sparkling at 12% remains at £2.86 until February 2023 when it will go down to £2.33 (-53p)(-64P inc VAT).
- Duty on a 750ml bottle of fortified wine at 17% remains at £2.98 until February 2023 when it will go up to £3.30 (+32) (+38p inc VAT).
- Duty on a 70cl bottle of vodka at 37.5% remains at £7.54 and will remain unchanged.
- Duty on a 70cl bottle of gin at 40% remains at £8.05 and will remain unchanged.
- Source: WSTA