Why is Denbies putting expansion plans on hold?

Expansion plans at Denbies are on hold due to the increasing financial strain caused by rising National Insurance Contributions, the National Minimum Wage, and alcohol duty hikes.

What are the main concerns for the UK wine industry regarding taxes?

The main concerns are 'penal' tax rises, including alcohol duty, which are making it difficult for UK vineyards to compete with international producers and threatening the industry's growth.

What warning has Britain's largest wine estate given about taxes?

Britain's largest wine estate has warned that significant tax increases risk destroying the booming UK wine industry if the government does not act swiftly.

Home / Business and Economy / UK Wine Taxes Threaten Booming Industry

UK Wine Taxes Threaten Booming Industry

8 Feb

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Summary

Britain's largest wine estate warns tax rises could devastate the industry.
Expansion plans at Denbies vineyard are on hold due to rising costs.
High alcohol duties in the UK make it hard to compete globally.

Britain's largest wine estate, Denbies, has warned that escalating tax burdens risk destroying a flourishing domestic industry. Chief executive Chris White stated that expansion at the Surrey vineyard is currently paused due to rising costs.

Successive increases in National Insurance Contributions and the National Minimum Wage, alongside a recent 3.66 per cent hike in alcohol duty, have contributed to the financial strain. Business rates are also set to increase in April, prompting caution from vineyard management.

White highlighted that the UK's high alcohol duties make it challenging to compete with producers in regions like South Africa, New Zealand, and South America. He urged ministers to act quickly to prevent vineyards from disappearing from the British landscape.

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