Wines prices up 50p after alcohol tax hike

Drinkers will face significant price increases under new tax rules as the duty on a bottle of wine rises up to 20% although a pint of beer will cost 11p less in the pub

From 1 August, all products will be taxed in line with alcohol by volume (ABV) strength, rather than different duty structures for different drinks. This means there will be fewer main duty rates, reduced from 15 to 6.

The Office for Budget Responsibility estimated that the changes to alcohol duty would raise £13.1bn in 2023-24 rising to £15.8bn by 2027-28 although the increase was delayed by four months.

The changes will see duty increase overall, with a typical bottle of wine with an ABV of 12% going up by 44p, which when combined with VAT, will see consumers paying an extra 53p.

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