Industry calls for a cut in duty on Scotch in next week’s Budget to make the UK more competitive with the rest of Europe
Our new report shows the Scotch Whisky industry’s commitment to investing in its people.
We welcome the UK Government’s decision to freeze excise duty on spirits in today’s Budget.
The UK market for Scotch is showing signs of improvement following years of decline, but the industry says more support is needed if these green shoots of recovery are to thrive.
India is the world’s largest market for spirits, but Scotch makes up less than 1% of total consumption. That leaves vast potential for growth once issues such as the import tariff are tackled.
The hospitality industry has backed calls for a 2% cut in excise duty on Scotch Whisky, and all spirits, saying bars, restaurants and hotels would benefit from lower taxation on alcohol.
A statement from the SWA on the upcoming EU Referendum.
Scotch Whisky is a star performer for the UK economy in overseas markets and without its success Britain would have a substantially larger trade deficit. A 2% excise cut in this year's Budget would encourage further growth.
Scotch Whisky has been recognised as a ‘geographical indication’ (GI) – meaning the description can only be used on whisky produced in Scotland in accordance with UK law – in Mozambique.
Our Global Affairs Director examines the value of EU support to our exports on a trip to Colombia and Mexico.