The freeze is over……. Chancellor’s Wine Tax Rise starts today
Whilst other alcohol products saw a freeze in the autumn 2018 budget, the Chancellor Philip Hammond announced an inflationary linked tax rise on wine.
The Wine and Spirit Trade Association has warned consumers the 3.1% rise will start today and they have calculated that the price of a bottle of wine will go up by 7p, sparkling wine 9p and an average priced bottle of fortified wine will also go up 9p. This does not include VAT.