Alcoholic Drinks: Excise Duties

HM Treasury written question – answered on 16th February 2015.

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Photo of Baroness Hayter of Kentish Town Baroness Hayter of Kentish Town Shadow Spokesperson (Business, Innovation and Skills), Opposition Whip (Lords), Shadow Spokesperson (Cabinet Office)

To ask Her Majesty’s Government what is the estimated total loss to HM Treasury over the next five years as a direct result of ending the alcohol duty escalator in 2014.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

Budget 2014 announced a cut in beer duty of 2 per cent, the freezing of duty rates on spirits and cider and the cancellation of the alcohol duty escalator for wine. The duty escalator for beer ended in 2013. The impact on alcohol revenues of the changes made at Budget 2014 were estimated as shown below[1]:

2014-15

2015-16

2016-17

2017-18

2018-19

Exchequer impact £m

-290

-295

-305

-315

-325

[1] Link to Budget 2014 document can be found here: https://www.gov.uk/government/publications/budget-2014-documents

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