As you may be aware, as part of the Spring Budget, the Chancellor has today (6th March 2024) announced that alcohol duty will be frozen until 1st February 2025, freezing duty for a further six months, to support the hospitality sector and help consumers with the cost of living.
In a follow-up email, from HMRC, we were informed that the government has also announced its intention to end the Alcohol Duty Stamps Scheme as it applies to certain spirits and stronger alcoholic products.
The government will publish draft legislation later in the year to achieve this.
Further updates on this will follow.
Further information on the Spring Budget 2024 announcement can be found on GOV.UK here: Budget 2024
