The Scotch Whisky industry today met with the Treasury in advance of the UK Budget on 8 March to put its case for a 2% cut in spirits duty.
The UK market for Scotch Whisky continued to grow in 2016 - a clear sign of a reversal of declining demand experienced in recent years.
Scotch Whisky is among the industries that would benefit from the EU-Canada Comprehensive Economic and Trade Agreement (CETA) and MEPs are being urged to vote in its favour on 15 February.
The Scotch Whisky Association (SWA) and the Scottish Craft Distillers Association (SCDA) have made a commitment to work in partnership to support the continued success of the entire Scotch Whisky industry and its supply chain.
Britons pay over one quarter of all the tax on spirits collected in Europe, largely because of a domestic tax level far higher than the European average.
In our Budget submission to the Treasury, we set out the unfairness of the current level of tax on Scotch Whisky – 77% on an average priced bottle - and call for a 2% cut in excise duty.
The SWA today calls for a 2% spirits excise duty cut to boost an industry that creates £5 billion annually for the economy, supports more than 40,000 jobs and is the largest net contributor to the UK’s balance of trade in goods, according to new research.
We look forward to the New Year and maintaining Scotch Whisky’s place as the world’s leading high-quality spirit drink.
Distillers have served up a £101 million bonus for Treasury, but say tax on Scotch is still unfair at 77% a bottle.
We have been granted leave to appeal to the Supreme Court regarding minimum unit pricing (MUP).