Uk to freeze alcohol duty until 1 August 2024

In the Autumn Statement, Chancellor Jeremy Hunt announced a freeze on alcohol duty until August next year. Hunt stated that this decision aims to address the rising costs associated with going to pubs. The freeze encompasses beer, cider, wine, and spirits, with the Treasury estimating a 3p reduction in the duty cost for an average pint of beer.

This move follows the significant duty increase on 1 August, resulting in a 20% decline in spirit sales and a double-digit drop in wine, according to off-trade sales figures from the Wsta. While the industry welcomes the duty freeze, it will be maintained at the August level of £31.64 per litre of pure alcohol.

The Scotch Whisky Association appreciates the decision, emphasizing the need for a more equitable tax system based on consumption units rather than product strength.

More information here: UK to freeze alcohol duty until 1 August 2024 - Drinks International - The global choice for drinks buyers