How Brexit will impact the spirits sector

Despite the relief of the UK leaving the EU with a trade deal, spirits companies have been plunged into more uncertainty, facing problems concerning exporting, labelling and possible cost increases. Since the UK left the European Union (EU) on 31 January 2020, the priority for spirits producers and trade groups has been the establishment of a free‐trade deal before the end of the transition period. Since the UK voted to leave the EU, the spirits…

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Scotch whisky suffers £500,000 loss after US tariffs

US tariffs imposed on single malt Scotch in October 2019 have now cost the industry more than £500,000 (US$685,175) in exports and are inflicting ‘long-term harm’ on the sector, a leading trade body has warned. Since single malts were subjected to the tariffs, exports of Scotch whisky to the US have plummeted by 35%. The tariffs were introduced due to an ongoing dispute between the US and the EU regarding plane manufacturers Airbus and Boeing.…

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Scotch sector unveils sustainability strategy

The Scotch Whisky Association (SWA) has revealed its new “ambitious” sustainability strategy, which includes the goal of reaching net-zero emissions by 2040. The revised sustainability strategy for the Scotch whisky industry is said to build on progress made over the last 10 years, which includes the reduction of greenhouse gas emissions by more than a third. The refreshed strategy comprises of four main themes: tackling climate change, using water responsibly, moving to a circular economy,…

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Scotch sector ‘frustrated’ over collapse of UK-US talks

The Scotch Whisky Association (SWA) has expressed its disappointment over the UK and US’ failure to reach a ‘mini-deal’ that could have removed tariffs on single malts. Last month, US trade representative Robert Lighthizer indicated that the outgoing US administration could agree a ‘mini-deal’ with the UK, which would ease punitive tariffs on single malt Scotch whisky. At the time, Lighthizer said it was “extremely likely” that the US would agree a free-trade agreement with…

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Spirits tax cut could give Treasury £748m

A 5% tax reduction for spirits in the UK Budget next month could boost the Treasury’s income by £748 million (US$1 billion) over the next three years, according to new data. Trade body the Scotch Whisky Association (SWA) released the new figures based on modelling conducted by the Centre for Economic and Business Research. The data showed the Treasury could generate an additional £748m in duty and value added tax (VAT) over a three-year period…

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