Posted: Thu Mar 22, 2012 5:47 pm Post subject: 2012 Budget 5% Rise in Spirits Duty
The duty rise announced in the 2012 budget (effective from Monday 26 March) increases the duty on a 70cl bottle from £7.15 to £7.50. With VAT (20%) charged on that extra duty, the total tax uplift on each bottle is 42 pence. The current average price of a 70cl bottle of a standard Blended Scotch Whisky in the UK is £11.88.
The duty escalator means alcohol duty is increased by 2% above Retail Prices Index (RPI) inflation every year up to and including 2015.
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