UK: Government drops beer duty stamps plan
The UK's brewing industry has welcomed the decision to drop the plan
The UK Government has abandoned plans to introduce duty stamps for beer.
In a written statement to Parliament yesterday (17 July), the Treasury's economic secretary, Sajid Javid, said the decision has been taken due to concerns of “significant” costs to the UK brewing industy through putting stamps on products, and “legitimate” importers and exporters. Plans for the measure to help tackle fraud were announced last year and put out to consultation.
“The responses to the consultation highlighted the potential anti-fraud benefits but also some considerable impacts the proposed measures might have on legitimate alcohol supply chains,” the statement said.
The Society of Independent Brewers (SIBA) welcomed the decision, saying it applauded the Government's "pragmatic rather than bureaucratic approach".
Javid said the Treasury will look at “less burdensome options to address alcohol fraud”, by consulting on alternative measures suggested by the industry, including stepping up co-operation with other EU states.
- Focus - Diageo's FY Performance by Region
- Diageo " knew United Spirits would be complicated”
- It's not all bad for Diageo - Analysis
- Focus - Diageo's FY Performance by Brand
- Diageo upbeat on Scotch prospects
- Challenges remain as Diageo posts flat FY sales
- Bacardi creates Bacardi rum marketing role
- Britvic appoints SABMiller's Dunn as CFO
- Whyte & Mackay brings RumChata to UK
- Q2 drags on half-year for Anheuser-Busch InBev
- Global gin insights - market data, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global liqueurs insights - market forecasts, product innovation and consumer trends research