Trade Secretary Liz Truss is considering introducing a 25% tariff on US wine imports as part of an ongoing trade conflict caused by Donald Trump imposing a 25% tariff on US steel imports in 2018.
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The Wine and Spirit Trade Association (WSTA) has won a significant post-Brexit victory after government has agreed to scrap the time consuming and costly VI-1 forms on imported wine.
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The US has lifted tariffs on Scotch whisky for four months as leaders enter into negotiations to put a long-term solution in place.
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Duty on wines, spirits and beers is to be frozen, Chancellor Rishi Sunak announced in today’s Budget.
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Hospitality leaders are optimistic about the long-term future of the sector and its role in the UK’s economic recovery, with many businesses seeking to grow rather than shrink, the latest CGA Business Leaders' Survey has revealed.
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Will the chancellor address the continuing controversy over punishing duty rates in the wine and spirits sectors in the 3 March Budget? Lisa Riley reports.
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The Covid-19 pandemic has failed to halt the UK’s distillery boom with new figures showing a record number of distilleries were registered in 2020.
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Many of the UK’s best known wine and spirit SMEs have written a joint letter to Chancellor Rishi Sunak urging him to cut duty while extended the hospitality’s VAT cut to provide further relief for those struggling with the pandemic.
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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.
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UK Hospitality (UKH) and the British Institute of Innkeeping (BII) have called on the government to “revamp and simplify” the system of alcohol duty in order to boost businesses and deliver on the government’s public health initiatives.
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Extending the VAT cut and the business rates holiday are top priorities for the hospitality sector if businesses are to survive beyond the winter, according to new research by CGA for UK Hospitality, the British Beer and Pub Association and the British Institute of Innkeeping.
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The WSTA has warned that the threat of VI-1 forms is still "very real", saying that the policy, not just the timing, still needs to change.
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Miles Beale, chief executive of the Wine and Spirit Trade Association (WSTA) has highlighted the potential of an upcoming government review into excise duty, which could have a major impact on the robustness of the industry to face challenging times.
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Key suppliers to the shuttered on-trade have called on the government to help them survive Covid-19, pointing both to clarification on reopening measures and greater financial support.
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Troy Christensen, CEO at Enotria & Coe, talks frankly with Andrew Catchpole about the impact of the current crisis on on-trade suppliers and the daunting challenges ahead for the hospitality sector.
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The Comité Européen des Entreprises Vins (CEEV) has put together a Covid-19 ‘wine package’ in order to mitigate the devastating effects of the pandemic – present and future – on the wine sector.
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Almost 95% of companies taking part in a new members survey by the WSTA have agreed with the industry body’s call on the government to suspend excise duty for six months.
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The WSTA, which has relentlessly called on the Chancellor to suspend duty payments, last night said it assumed the payments would be due today (25 March) with no formal response from the Treasury to suggest otherwise.
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The government has confirmed that it has extended the residential moratorium on lease forfeiture and debt enforcement to commercial leases.
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An initial 32 drinks companies (all WSTA members) have joined forces to plea for a cash lifeline, calling collectively on the Chancellor to suspend duty.
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