Scotch Whisky Association sets out priorities for new UK parliament
The Scotch Whisky Association (SWA) is calling on politicians to give the Scotch Whisky industry the support it needs to ensure it remains a great British success story.
Following the general election, the SWA is setting out its priorities for the new UK Parliament. As the industry approaches the challenges and opportunities posed by the UK’s exit from the EU, the SWA is urging MPs from all parties to work with Scotland’s distillers to deliver a Brexit framework that supports future export growth, as well as a competitive domestic tax and regulatory environment.
On tax and excise, the SWA is calling on the government to address the ‘Scotch Supertax’, since excise and VAT on an average priced bottle of Scotch in the UK is now an onerous 79%. According to the SWA, the near-80% tax burden is holding the industry back at a time when, particularly because of the pressures brought by Brexit, the UK Government should be supporting domestic industries to enable them to flourish and to increase their exports. The SWA is urging the Treasury to take action to reduce the Scotch Supertax in the Autumn Budget. Currently, a unit of alcohol served as Scotch is taxed 51% higher than the same unit of alcohol in beer and 19% higher than wine.
The SWA is also calling on Wesminster politicians to support Scotch Whisky by:
End the Scotch ‘Supertax’ of nearly 80%