alcohol tax tagged posts

Ireland, EU’s Most Expensive Drinks

June 22, 2018 Taxation in Ireland

Alcohol in IrelandDUBLIN – Taxes are pushing up the price of alcohol in Ireland, where are drink can now cost more than anywhere else in the EU.

A new report released recently by Eurostat is indicating that Irish consumers pay the highest rates of tax in Europe for alcohol and tobacco.

The new report showed that the price of alcohol and tobacco in Ireland is approximately 174 percent of the standard average price of alcohol in Europe.

Commenting on the findings, Patricia Callan of the Drinks Industry Group of Ireland, said that the high costs can be attributed to the high excise taxes levied on alcohol in Ireland.

She added that “…Ireland has the second highest excise tax rate in the EU, behind only Finland...

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Alcohol in Abu Dhabi No Longer Tax Free

June 14, 2018 Taxation in UAE

alcohol tax in Abu DhabiABU DHABI – Alcohol will no longer be tax-free in Abu Dhabi, and the licenses needed to buy it will soon also carry their own cost.

From June 15th Abu Dhabi will be enacting a new tax on alcohol sales on stores, along with a fee for the grant of a license to purchase alcohol.

The rate of tax on the sale of alcohol will be set at 30 percent, matching the rate already set in place in Dubai.

The tax is intended to be levied on sales from stores, however, there is not yet confirmation of whether the tax will apply to alcohol sold in bars or restaurants.

Local media has reported that some retailers are offering discounts in order to encourage consumers to stock up on alcohol prior to the implementation of the tax.

The tax will be accompanied by a new fee for a license to purchase alcohol, wh...

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Taxes Are Killing the UK Pub

March 19, 2018 Taxation in UK

Pubs in the UKLONDON – Pubs are a bastion of British culture and need to be considered when forming tax systems, according to campaigners.

Too many British pubs are closing, and a tax change is needed to put an end to the closures, according to a statement by the Campaign for Real Ale (Camra).

Over the second half of 2017 an average of 18 pubs closed each week in the UK, and between 2008 and 2013 a total of 7 000 pubs closed, taking with them approximately 58 000 jobs.

Camra claims that the closures can be attributed largely to the tax burden faced by pubs.

They stated that pubs in the UK face one of the highest rates of beer duty in Europe, along with rising rates of VAT and business tax.

The experts at Carn claimed that the departure of the UK from the EU represents a perfect opportunity for the cou...

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Sugar Taxes Make You Drink More Beer

January 24, 2018 Taxation in UK

sugar taxesLONDON – Taxes will reduce soda consumption, but it may only be replaced an even more harmful amount of lager.

New research published in the Journal of Epidemiology & Community Health has suggested that a tax on sugary sweetened drinks may lead to a higher consumption of beer.

By analysing historic sales data of beverages in the UK, researchers were able to determine that a relationship exists between the cost of sugar-sweetened drinks and substitute purchases of other alcoholic drinks.

The researchers found an indication that a tax on sodas and other sweetened drinks would lead to a higher level of consumption of larger.

However, while the consumption of larger would rise, the consumption of cider, spirits, and some wines would drop.

The exact nature of how spending patterns change vari...

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UK Pubs Need a Break From Tax Hikes

November 13, 2017 Taxation in UK

pubLONDON – The great British pub may be dying, and it needs tax relief in order to survive.

Last week a group of 50 Ministers of Parliament of the UK sent a joint letter to the Chancellor of the Exchequer, Philip Hammond, calling for a freeze to beer duties and the implementation of a new business relief package for pubs.

It has been suggested by experts that pubs in the UK are some of the last public meeting spaces in the country, and are integral to life in the UK.

It is currently estimated that pubs in the UK are closing down at a rate of as much as 21 per week.

The letter called for the government to ensure that in the upcoming Autumn Budget there is freeze to the rate of beer duty.

Further, the letter calls for the current pub-specific tax relief package to be raised from GBP 1 000 to ...

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