Today news
About the same in other media
Port and sherry importers ‘aghast’ as tax shake-up will add over £1 to bottle price
Reading now: 481
Britons partial to a festive glass of port or sherry should nurse it carefully this Christmas as a shake-up of alcohol taxes threatens to add at least £1 to bottle prices next year.
The chancellor announced a sweeping overhaul of alcohol duties in the budget, reducing the tax take on lower-strength drinks, such as draught beer, but increasing them on products, such as fortified wine, with an alcohol content above 11%.
Andrew Hawes, the managing director of the wine importer Mentzendorff, said port and sherry fans were about to be hit with the “largest single alcohol tax rise in UK history”. UK shoppers buy 10m bottles of sherry and close to 9m bottles of port each year.
“Local wine merchants up and down the country are aghast at the suggested
Read more on theguardian.comAbout this in other media
Dubai ruler ordered to pay €645 million to his ex-wife and their children euronews.com /2 years ago
Northern Ireland: what are EU and UK proposing and will deal be done? theguardian.com /2 years ago
Brexit: EU and UK at odds over Northern Ireland renegotiation theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
