Treasury written question – answered at on 9 February 2024.
Charlotte Nichols
Labour, Warrington North
To ask the Chancellor of the exchequer, what assessment he has made of the impact of changes to alcohol duty implemented in August 2023 on tax receipts.
Gareth Davies
The Exchequer Secretary
The Government publishes tax information and impact notes for tax policy changes when the policy is final or near final. The summary of impacts from the changes to alcohol duty at Spring Budget 2023 can be found here: https://www.gov.uk/government/publications/changes-to-alcohol-duty-rates/alcohol-duty-rate-changes
The Government is closely monitoring the impact of the recent reforms and will evaluate the impact of the new rates and structures three years after the changes took effect on 1 August 2023. This will allow time to understand the impacts on the alcohol market, and for HMRC to gather useful and accurate data with which to evaluate the effects of the reform.
Yes2 people think so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
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