Rishi Sunak Britain reports Rishi Sunak Britain

Rishi Sunak cuts tax on champagne - but leaves it off Budget changes sheet

Reading now: 766
manchestereveningnews.co.uk

Chancellor Rishi Sunak slashed tax on bottles of champagne in his Budget - but left it off a fact sheet of booze tax changes.

Mr Sunak announced he was ending the "irrational'' 28 percent duty premium on sparkling wines in his speech. He told MPs: "Sparkling wines - wherever they are produced - will now pay the same duty as still wines of equivalent strength." The Treasury had trailed the change as a boost to English sparkling wine producers.

But the change also cuts tax on a bottle of Bollinger champagne by around 64p a bottle. Following his speech, the Treasury distributed a helpful fact sheet to reporters, with 48 examples of how taxes will go up or down on specific beverages, the Mirror reports.

Read more on manchestereveningnews.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA