Parliamentary Search

Written question asked by Tim Loughton (Conservative) on Monday, 16 October 2017, in the House of Commons. It was due for an answer on Thursday, 19 October 2017 (named day). It was answered by Andrew Jones (Conservative) on Thursday, 19 October 2017 on behalf of the Treasury.

Alcoholic Drinks: Excise Duties

Question

To ask Mr Chancellor of the Exchequer, what assessment he has made on the effect on the wine and spirit industry of the 3.9 per cent increase in duty paid.

Answer

As for every Finance Bill measure, HMRC provided a Tax Impact Information Note which included an impact assessment of alcohol duty changes. This can be found online at:

https://www.gov.uk/government/publications/alcohol-duty-rate-changes/alcohol-duty-rate-changes

The government keeps all taxes under review at fiscal events, and we will consider this issue carefully as part of the Autumn Budget process. Any changes to alcohol duties need to take account of a wide range of factors, including the Exchequer impact, the impact on businesses and consumers, public health and the distributional impact of reform.

Until exit negotiations are concluded, the UK remains a full member of the European Union and all the rights and obligations of EU membership remain in force. We will seek to achieve the right deal for Britain and for the EU.

Secondary information

Type
Written question
Reference
107904
Session
2017-19
Grouped for answer
Yes
Subjects
Excise duties Increases Wines Spirits
Link
View this Written question on www.parliament.uk