alcohol tax tagged posts

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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UK Must Drop Whisky Tax

October 13, 2017 Taxation in UK

Tax on whiskyLONDON – Taxes of spirits need to be dropped, as they are leading to a loss of tax revenues and sales.

The Scotch Whisky Association is calling on the government of the UK to drop the rate of duties applied to the sale of whisky.

The Association is claiming that the recent increase in the rate of the duty has resulted in a decrease in the number of bottles being sold, and, subsequently, a drop in the tax revenues gathered by the government.

Over the first six months of 2017, approximately 36.7 million bottles were sold in the UK, however, over the same period in 2016 a total of 37.7 million were sold.

The result of the decreased sales outweighed the relative increase in tax collected per bottle, with overall revenues from the sale of spirits between April and June this year dropping by ...

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Tax Stamps Coming to Alcohol in Philippines

July 13, 2017 Taxation in Philippines

Taxes on alcoholMANILLA – The Philippines will try to crack down on untaxed alcohol by extending the tax stamp system to such drinks, and not just to tobacco.

Finance Secretary Carlos G. Dominguez III of the Philippines has stated that from next year the government will require that tax stamps be affixed to alcohol, in order to better track whether appropriate levels of excise tax are being paid on alcohol.

The tax stamp system was raised approximately 5 years ago, as part of the government’s sin tax reform, which saw greater levels of taxation being levied on goods and products deemed to be harmful.

So far the tax reform has been concentrated on the application of tax stamps to cigarettes and tobacco, and the struggle to minimise the illicit use of fake tax stamps on these products.
However, some poli...

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Whisky Supports the UK Economy, But Needs Tax Break

January 26, 2017 Taxation in UK

Whisky taxLONDON – Excise duties on Scotch Whisky should be slashed in order to support an industry that accounts for at least 3 percent of the country’s trade balance.

New data in a report issued by the UK Department for the Environment, Food and Rural Affairs has shown that the national whisky industry provides a disproportionate benefit to the country, compared to the taxation levels that it faces.

It was shown that the level of exports of whisky from the UK is approximately GBP 4 billion each year, however, the net level of imports required by the industry is approximately GBP 200 million, resulting in a net trade balance of GBP 3.7 billion.

The level of the trade balance in the whisky industry is one of the highest is one of the highest in the country.

It was calculated that the national trad...

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Japan to Implement Unified Beer Tax

December 22, 2016 Taxation in Japan

Beer Taxes in JapanTOKYO – Beer pricing in Japan could undergo a significant change, as the government mulls an overhaul to the taxation of the popular drink.

The government of Japan is proposing new tax regulations which would see a reduction in the price high-malt beers, with a corresponding price increase for low-malt beers.

Current regulations in Japan define beer as a beverage which has a malt content of at least 67 percent, with the lower malt-content beers being defined as either “happoshu” or “hodgepodge”.

The newly proposed legislation would see the malt threshold lowered to 50 percent, a moved which would see a greater range of imported beverages being defined as beer.

The current taxes on beer are set at JPY 77 for a can of beer, JPY 47 for happoshu, and JPY 28 for hodgepodge.

If the new ...

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