UK Duty on Spirits - A pre-budget review
Commercial Spirits Intelligence No.66
As people who have worked in and around the spirits industry for many years, we found that there was a lack of good, public, research on the trends in the spirits industry. Whether it’s trends in wood, or distillery capacity, or M&A activity - many of the existing research providers speak to a specific niche when we wanted a whole-market analysis. In this newsletter we leverage our experience, contacts and market intel to provide meaningful analysis that speaks to relevant issues for you. This newsletter is a collaboration between Duncan McFadzean of Noble & Co, and Martin Purvis. If you find this newsletter valuable, please consider a paid subscription.
UK Duty on Spirits – A pre-budget review
In this article, before the upcoming UK budget on 30th October – the first under the new Labour government – we wanted to look at the historical context of UK excise duty on spirits. Many column inches have been devoted to this topic, but few set out the longer-term context and perspective. Whilst this article will be pertinent to all spirit categories, most of this article will be viewed through a Scotch whisky-tinted lens.