Posted: Wed Mar 23, 2011 4:39 pm Post subject: Whisky 2011 Budget
The Chancellor has increased the price of a bottle of whisky by 59p in todays budget.
Today's duty rise increases the duty on a 70cl bottle from £6.66 to £7.15. With VAT (20%) charged on that extra duty, the total tax uplift on each bottle is 59p. The current average price of a 70cl bottle of Blended Scotch Whisky in the UK is £11.27.
The Scotch Whisky Association said that the 7.2% increase in spirits duty will penalise Scotch Whisky drinkers and distillers.
I may be wrong but the excise duty is payable on whisky when it leaves the bonded warehouse to be bottled so the increase shouldnt effect whisky already bottled but will affect whisky which will be bottled from today. So we would gradually see the increase as shops restock. I think
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