Alcoholic Drinks: Finance

(asked on 14th December 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the Government makes funding available to support businesses producing alcoholic beverages.


Answered by
Gareth Davies Portrait
Gareth Davies
Exchequer Secretary (HM Treasury)
This question was answered on 19th December 2023

The Government values the important contribution that the alcohol industry makes to our economy and society, and the new duty system, introduced on 1 August 2023, contains many benefits for alcohol producers, including two new reliefs.

The new Small Producers Relief means that small producers now see reduced duty rates on all products below 8.5 per cent alcohol by volume (ABV) up to a production threshold.

The new Draught Relief means that all alcoholic products under 8.5 per cent ABV which are sold in containers of 20 litres or more and are sold to connect to a dispense system qualify for reduced duty rates. This relief provides a reduction in the duty on draught beer and cider products by 9.2 per cent, and by 23 per cent on qualifying draught wine-based, spirits-based and other fermented products.

Reticulating Splines