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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On-trade closure causes £400m gin sales loss in UK

Gin sales in the UK fell by £400 million (US$530m) in the 12 months to 3 October 2020 compared with the same period last year, according to new data. The Wine and Spirit Trade Association (WSTA) said total alcohol sales during 2020 have declined. In the 12 months to 3 October 2020, drinkers spent £2.2 billion (US$2.9bn) on gin, compared to £2.6bn (US$3.4bn) during the same period in 2019. The decline was due to Covid-19…

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WSTA draws up Brexit checklist

The Wine and Spirit Trade Association (WSTA) has created an End of Transition Checklist for all UK-based wine and spirits companies as the 31 December Brexit deadline looms. Available to both WSTA members and non-members, the checklist offers advice to spirits firms as the UK exits the Custom’s Union and single market on 1 January. Topics covered include trade agreements, import certification and labelling requirements. Furthermore, the document provides links to official UK government guidance,…

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UK consumers favour rum during lockdown

Alcohol sales in the UK fell 20% by volume in the three months to June 2020, but rum experienced a significant sales boost during lockdown, new data has shown. In the three-month period between April and June 2020, data from trade body the Wine and Spirit Trade Association (WSTA) found that 38% more rum was sold than in the same period last year, equivalent to an extra 1.3 million bottles. Total rum sales were worth…

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WSTA creates distillery map for ‘staycationers’

The Wine and Spirit Trade Association (WSTA) has created an interactive map to help those looking to holiday in Britain discover some of the nation’s best distilleries. The interactive map has been designed to help ‘staycationers’ find vineyards and distilleries offering tours, tastings and places to eat and stay on site, with more than 50 locations listed across the country. Users can click on a spirit bottle for more information about distilleries and websites outlining…

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