Following the budget announcement on 15 March, the whole drinks and hospitality industry will be preparing for the coming changes.

While alcohol duty has been frozen for the time being, a big reform will take effect on 1 August 2023.

According to WSTA, the new measures mean that the forecast for RPI at 10.1% is being used as the measure for increasing duty rates for all non-draft products from 1 August 2023. 

The below table, provided by WSTA, outlines the changes that will be implemented on 1 August for some of the main affected drinks categories.

 

 

 


Want to know more about UK wine pricing?

Take a look at our Vinonomics update.