Scotch Whisky Association urges multi-year freeze on spirits duty ahead of autumn budget
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Scotch Whisky Association urges multi-year freeze on spirits duty ahead of autumn budget
""At her last Budget, the Chancellor chose to increase further the duty burden on an industry already weighed down by excessive tax and regulation," Kent said. "Despite that decision, tax receipts have not gone up; and more UK pubs and restaurants have been forced to close. Everyone connected with hospitality knows that pubs, restaurants and other venues cannot survive on beer alone - all rely on spirits for profits.""
"The SWA is calling for a freeze on spirits duty across the lifetime of this parliament, arguing that Scotch is at risk of falling further behind other alcohol categories. Kent said Reeves must ensure that the tax differential with beer and wine does not widen, leaving Scotch at a competitive disadvantage in both domestic and global markets. The association stressed the importance of Scotch to the wider UK economy, pointing out that 70% of all UK spirits are produced in Scotland."
The Scotch Whisky Association urged Chancellor Rachel Reeves to commit to a multi-year freeze on spirits duty in the autumn budget, warning rising taxes are crippling the sector and hospitality. The SWA said previous duty increases did not raise tax receipts and coincided with pub and restaurant closures. The association warned that a widening tax gap with beer and wine would leave Scotch at a domestic and global disadvantage. The SWA noted 70% of UK spirits are produced in Scotland and said a multi-year freeze would give producers stability and support growth. Venues that rely on spirits for profits face mounting pressure from inflation and costs.
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