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Drinkers face significant price hikes from Tuesday when tax increases will see the duty on a bottle of wine rise by as much as 20%.First set out by then chancellor Rishi Sunak in 2021, the new system aims to encourage consumers to cut back by taxing all alcohol based on its strength, rather than the previous categories of wine, beer, spirits, and ciders.Mr Sunak described the overhaul as "the most radical simplification of alcohol duties for over 140 years", enabled by Britain's exit from the EU
Drinkers face significant price hikes from Tuesday when tax increases will see the duty on a bottle of wine rise by as much as 20%.First set out by then chancellor Rishi Sunak in 2021, the new system aims to encourage consumers to cut back by taxing all alcohol based on its strength, rather than the previous categories of wine, beer, spirits, and ciders.Mr Sunak described the overhaul as "the most radical simplification of alcohol duties for over 140 years", enabled by Britain's exit from the EU.At March's Budget, Chancellor Jeremy Hunt also announced that the freeze to alcohol duty would end on August 1 and increase by inflation, at 10.1%.
βhttps://www.dailymail.com/video/video/video-2989553/Consumers-biggest-single-alcohol-duty-increase-50-years.html
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