SWA Budget Submission 2015
11 Feb 2015
Supporting a British success story
In the 2014 Budget, the Chancellor highlighted that Scotch
Whisky 'is a huge British success story', a home-grown
manufacturing sector that should be supported.
The decision to do so by freezing spirits duty, and removing the
alcohol duty escalator a year early, was widely welcomed.
It boosted confidence at a time when Scotch Whisky faces
challenging conditions, with lower demand in both the UK and export
markets. The freeze supported investment, helping new and small
distillers who rely on the home market.
However, despite the freeze, nearly 80% of an average priced
bottle of whisky is accounted for by tax. Few products face such a
tax burden, with consumers and producers penalised.
In Budget 2015, The Scotch Whisky Association is calling on the
Chancellor to support a key Scottish and British industry.
A 2% duty cut for spirit drinks, in line with the policy adopted
for beer in the last two Budgets, would be fair to consumers,
support the public finances, and promote investment and jobs.
The full SWA Budget submission can be downloaded