Budget 17: Wholesalers happy with duty delays, fuel freezes and new tax enforcers

The Federation of Wholesale Distributors has praised the announcement in today’s Budget that wholesalers and retailers will be given longer notice of duty rises to enable them to sell through alcohol stock.

Under the Government’s new annual tax policymaking cycle, alcohol duty rises announced in the Autumn Budget will come into force on February 1st - a delay FWD had requested of the Chancellor, as it enables wholesalers to plan Christmas pricing with the reassurance that duty will not rise until the new year.

Welcoming the freeze on beer, wines and spirits in this Budget, FWD Chief Executive James Bielby said: “If duty rates must rise it is absolutely vital that they are telegraphed well in advance or wholesalers' trading plans for the busiest time of the year would be impossible to draw up. The Office of Budget Responsibility has said it expects the change to be largely neutral for tax receipts, so it’s a concession the Government can afford to make to help the wholesale trade maintain its profitability.”

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