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To ask the Chancellor of the Exchequer, if he will increase the value of draught relief to 20% for qualifying beer and cider products in the spring Budget 2024.
To ask the Chancellor of the Exchequer, if he will increase the value of draught relief to 20% for qualifying beer and cider products in the spring Budget 2024.
Draught Relief, introduced under the new alcohol duty system, provides a reduction in the duty on draught beer and cider by 9.2% and helps to level the playing field between pubs and supermarkets, allowing pubs and brewers to price their on-trade products more competitively. The Brexit Pubs Guarantee ensures that draught products will always be subject to lower duty than their supermarket equivalent.
The Government is closely monitoring the impact of the recent reforms and will evaluate the impact of the new rates and structures three years after the changes took effect on 1 August 2023. This will allow time to understand the impacts on the alcohol market, and for HMRC to gather useful and accurate data with which to evaluate the effects of the reform.
The Government is unable to speculate on tax matters outside of fiscal events. As with all taxes, the Government keeps the alcohol duty system under review during its yearly Budget process.
To ask His Majesty's Government, what effect the surplus reported by the Office for National Statistics on 21 February has had on determining the forthcoming Budget statement.
To ask His Majesty's Government, what effect the surplus reported by the Office for National Statistics on 21 February has had on determining the forthcoming Budget statement.
The Chancellor will present the Spring Budget on Wednesday 6 March alongside an updated official forecast from the independent Office for Budget Responsibility (OBR), which will consider wider economic developments and latest government policy.