New Duty Rates: August 2023
Following the Chancellors Budget on 15th March 2023 the Wine and Hospitality industry are preparing for the upcoming change to alcohol duty.
These will officially change on 1st August 2023. These changes mean that the higher the alcohol by volume (ABV) of wine, the higher the new excise will be. All wine, be it still, sparkling or fortified between 8.5% and 22% will be taxed at the same rate, but now based on the ABV.
- Still wines, within 11.5% and 14.5% will see an increase of £0.44 per 75cl bottle.
- Fortified wines, 15% to 20% will see an increase ranging from £0.34 to £1.30 per 75cl bottle.
There is some good news.
- Sparkling wines within 11.5% to 14.5% will see a reduction of £0.19 per 75cl bottle.
- Sparkling wines at 11% will see a reduction of £0.50 per 75cl bottle.
These changes are comprehensive and complicated, so we have decided that we will have to implement them late on Friday 28th July.
Thus, any orders received after 2pm Friday 28th July will incorporate the new excise (orders processed prior to this but for delivery Monday 31st will be invoiced on 28th July and will be at the existing excise rates. No change to present prices).
If you have any questions, please feel free to call Customer Services on 020 8744 5550 or contact your account manager.
We thank you for your continued custom and support, which is very much appreciated and, we wish you a busy summer trading.
The Team at Ellis