Harpers Wine & Spirit Trade News

Tax cut would generate £1.6bn for Treasury says SWA

Published: 26 February, 2024

A duty cut to Scotch Whisky and other spirits would generate an extra £1.6bn over five years for public services, a new report has found.

Inflation drains Treasury coffers by £600m

Published: 21 February, 2024

Soaring alcohol inflation has made an explosive hole in HMRC’s receipts, new figures reveal.

Penfolds releases final wine in ‘g’ series

Published: 01 November, 2021

Penfolds has unveiled a new wine blended from five vintages of Grange named Penfolds g5.

Sparkling wine premium could be scrapped in alcohol duty overhaul

Published: 19 October, 2021

Reports from the national press suggest that the premium on sparkling wine duty could be scrapped by chancellor Rishi Sunak in the upcoming Autumn Budget in a move which could bring sparkling wine duty in line with still.

Treasury smashes into hard seltzers with 19 Crimes

Published: 12 July, 2021

Treasury Wine Estates’ (TWE) augmented reality wine brand, 19 Crimes, is moving into the hard seltzer category where the company is looking to broaden its appeal among a new generation of drinkers.

Penfolds’ first Cali wine twenty years in the making alongside TWE restructure

Published: 17 February, 2021

Penfolds has released its first ever Californian wine – a move that forms part of a major restructure of parent company Treasury Wine Estates’ (TWE) operating model which aims to rebalance its US operations and focus on new Penfolds launches outside of Australia.

Prolonged VAT reduction and duty cut will aid UK recovery, says WSTA

Published: 14 January, 2021

The Wine & Spirit Trade Association (WSTA) is calling on the Chancellor to extend the VAT reduction as well as the duty cut for alcohol as it says businesses in the on-trade have been ‘unable to feel the benefit’ of the schemes.

APPG report lays bare “disastrous impact” of VI-1s

Published: 22 September, 2020

A new report from a committee of MPs into the impact of VI-1 wine import certificates has warned that the red tape will cause chaos and price hikes.

EOHO used more than 35 million times in first fortnight

Published: 19 August, 2020

The Eat Out to Help Out (EOHO) government discount scheme was used more than 35 million times in its first two weeks, new figures from the Treasury have revealed.