Naked Wines stock decreased by 3% this morning after the online retailer posted an annual pre-tax loss of £10.7 million.

We caught up with Katie Souter of Vin-X to learn more about why fine wine could make an appealing investment opportunity during the current economic climate.

Turkey has increased its special consumption tax on alcoholic beverages by 17.1%, according to Istanbul daily Habertürk.

The Wine and Spirit Trade Association (WSTA) has warned that changes to customs classifications at EU level could lead to an increase in excise duty and VAT for some made-wine* products in the UK.

Panama axes US spirits duty

01 November, 2012

The US-Panama Trade Promotion Agreement has come into force, representing "significant new access in an expanding spirits market" according to the Distilled Spirits Council of the US.

Champagne

12 September, 2012

Despite reports of champagne’s struggle to keep cases sales up, Lucy Britner finds that the world has far from fallen out of love with France’s famous export

UK: The Chancellor has added another 41p to a bottle of spirits and 11p to a bottle of wine in the latest Budget.

The European Union and the US Distilled Spirits Council (DISCUS) have welcomed a decision that finds the Philippines to be in breach of trade rules when it comes to tax on imported spirits.

The World Trade Organisation (WTO) has ruled that discriminatory excise tax on spirits in the Philippines is a violation of WTO rules.

14 January, 2011

The British Beer & Pub Association (BBPA) has backed the UK Government’s planned reduction of duty on low-alcohol beer.

The trade has welcomed the Scottish Parliament’s decision to reject minimum pricing. This was the final time in which MSPs could vote to decisively keep minimum pricing out of the Alcohol Bill. The Scotch Whisky Association (SWA) has consistently argued that minimum pricing would be illegal and ineffective in addressing misuse, whilst significantly damaging one of Scotland’s key industries.

The 2010 global Tax Stamp Forum is to take place in London in June.

The UK’s Chancellor of the Exchequer has again hit alcoholic drinks with a 2% above inflation price rise on beer, wines and spirits. 10% going on cider

Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Nick Strangeway

Could bars be no-phone zones?

For about six hours in early October the world was brought to a standstill. However, it wasn’t the outbreak of a global pandemic that spread panic, but the simultaneous crash of Facebook, WhatsApp and Instagram.

Instagram

Facebook