Simmonds calls Autumn Statement 'missed opportunity' for Beer Duty Escalator

Simmonds calls Autumn Statement 'missed opportunity' for Beer Duty Escalator

Wednesday, December 5, 2012

Brigid Simmonds, Chief Executive of the British Beer & Pub Association, called the UK Chancellor George Osborne's decision to leave out a review of the much maligned beer duty escalator in his Autumn Statement a 'missed opportunity'. Discussing his decision, Simmonds called on the Coalition government to distance itself from the previous government's tax policy and heed calls from all parties to launch a review.

However, she did say that there were some welcome announcements in the statement. "As an industry that pays £11 billion in taxes each year – including excise duty, VAT, national insurance, business rates and corporation taxes – the beer and pub sector also supports the Government’s intention to ensure that all businesses contribute their fair share to support the economy," Simmonds added.

“It is also reassuring to see that Government acknowledges that money does need to be invested in enforcement to crack down on tax avoidance, rather than lumbering UK businesses with the bill.”
 

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