UK MINI-BUDGET – ALCOHOL DUTY
There were a number of tax changes announced in the mini-budget of 23 September aimed at stimulating the UK economy with an annual growth target of 2.5%.
Amongst these changes was an announcement to freeze alcohol duty which had otherwise been due to increase.
The duty savings amount to:
7p on a pint of beer
4p on a pint of cider
38p on a bottle of wine
1.35 on a bottle of spirits
The freeze will also apply to pre-mixed spirit-based products (alcopops) with an abv of less than 8.5%.