NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Euro 2024: England and Scotland fans to pay most duty on pints

Published 14/06/2024, 11:41
© Reuters.  Euro 2024: England and Scotland fans to pay most duty on pints

Proactive Investors - At 8.00 pm tonight the Euros will get underway as hosts Germany take on Scotland, but those watching from the UK while sipping a pint may be paying more duty on their beer than other countries.

That's because Britain charges four times more on duty than the European average and a dozen times more than Germany, reports from the Times revealed.

Scottish punters will have to pay 54.2p in duty, significantly more than the 4.6p paid in the host country, while England fans, who face the same 54.2p surcharge, will be paying more than fans of its first opponent Serbia, which add on an extra 12.7p.

Leading industry body the British Beer and Pub Association said it was writing to the country's top politicians in a bid to receive "fair recognition" of the industry's value.

“[It is] imperative that the next government provides a sustainable and proportionate fiscal and regulatory framework," the BBPA said.

Beer duty rates have been frozen at the same level since 2020 due to government plans to support the industry through the pandemic and cost-of-living crisis and are set to stay the same until February 2025.

The BBPA hopes once the freeze is lifted the government will start to lower duty, bringing it closer to the European norm.

In the letter, the organisation also calls for a reduction in business rates and the scrapping of VAT on non-alcoholic drinks and food.

Bosses at Greene King (LON:GNK), Fuller's, Stonegate, Wetherspoons (LON:JDW), Diageo (LON:DGE) and other hospitality groups have all signed the letter.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.