Planet Whiskies :: Scottish Single Malt Whisky, Scotch, Distilleries, American Bourbon, Japanese, Irish

World-Wide Whisky News by Planet Whiskies | Buy your whisky online

To advertise on Planet Whiskies visit our contact us page

The Scotch Whisky Association - New figures show Scotch is biggest boost for UK balance of trade :: 25th January, 2017

The Scotch Whisky Association - New figures show Scotch is biggest boost for UK balance of trade

- But current UK tax of 77% is ‘onerous’-
- On Burns’ Night Scotch Whisky industry calls for 2% cut in excise

The Scotch Whisky Association (SWA) today (25 January) calls for a 2% spirits excise duty cut to boost an industry that creates £5 billion annually for the economy, supports more than 40,000 jobs and is the largest net contributor to the UK’s balance of trade in goods, according to new research.

As millions around the globe prepare to raise a dram to celebrate Burns’ Night, research published today - ‘The Economic Impact of Scotch Whisky Production in the UK’ - reveals that without Scotland’s national drink the UK’s trade deficit in goods of £115 billion would be 3% larger. The SWA says that the Government’s support of the industry in recent years has led to a boost in revenue for the Treasury and supported a wave of new distillery openings – 14 in the past three years.

But tax remains too high at 77% of the price of an average bottle of Scotch and the SWA is calling for fairer treatment.*Today’s research explains that exports of Scotch Whisky are worth around £4 billion each year, while imports in the supply chain, such as packaging for products and casks for maturing spirit, total only £200 million. The Scotch industry’s trade balance is therefore £3.7bn.

The SWA says the research reinforces Scotch Whisky’s position as a strategically important industry for the UK in terms of value it adds to the economy, jobs supported, investment and export performance, and should be supported by government. The publication of the research on Burns’ Night – the anniversary of the Bard’s birthday - comes as the SWA calls on the UK Government to ‘Stand up for Scotch’ in the Budget on 8 March to encourage further investment and job creation.

The onerous 77% tax on an average priced bottle of Scotch exists despite a freeze in excise in last year’s Budget, a 2% cut the previous year and the scrapping of the alcohol duty escalator – which annually increased excise by inflation plus 2% - in 2014. The SWA wants the UK Government to ‘pursue a ‘Fair Tax for Whisky’.

As well as boosting the Scotch Whisky industry, the government’s changes to excise in the last few years have benefited the public purse. In the 12 months to the end of October this year, the Treasury secured around an additional £100m from spirits duty – including the tax consumers pay on a bottle of Scotch Whisky**. But the industry says it still deserves fairer tax treatment.

‘The Economic Impact of Scotch Whisky Production in the UK’ outlines the true contribution of Scotch Whisky to the economy and shows why the industry deserves recognition from government. Findings from the research include:

  • Scotch Whisky adds almost £5bn (£4.9bn) to the UK economy;

  • Some 40,200 jobs are supported by the industry across the UK. This includes more than 10,500 people directly employed in Scotland. Almost £1.3bn is paid in salaries in Scotland;

  • Scotch is a significant contributor to rural employment, supporting often fragile local economies. The industry supports 7,000 rural jobs. The Scotch Whisky industry is expanding at historic levels. As well as the 14 new distilleries opened since 2013, existing sites have been expanded, for example with increased production, more warehouses or revamped visitor centres. Up to a further 40 new distilleries are planned across Scotland, with seven expected to open this year alone.

But the SWA says the uncertainty created by Brexit means that the industry needs more reassurance that it will receive fair treatment from government.

Julie Hesketh-Laird, Scotch Whisky Association acting chief executive, said: “Scotch Whisky is one of the UK’s most strategically important industries. Without valuable Scotch exports of around £4 billion a year, the UK’s trade deficit in goods would be 3% larger. And our research published today emphasises the value of the industry which adds £5bn to the economy annually and supports more than 40,000 jobs. Burns’ Night is the perfect time to raise a dram to the success of Scotch.

“But we are calling on the government to ‘Stand up for Scotch’ by addressing the high and unfair level of taxation distillers face in their home market. The current tax of 77% on an average priced bottle of Scotch is a burden on consumers and the industry. And the Government’s own figures indicate that fairer tax treatment leads to increased revenue for the public purse. We are calling on the UK Government to cut excise by 2% in next month’s Budget, supporting a great Scottish and British industry at a time of uncertainty, giving us a stronger domestic platform from which to invest and grow to make a success of Brexit.”

<< Back to all the latest whisky news brought to you by Planet Whiskies

Share Planet Whiskies on social media

Planet Whiskies on Twitter
Planet Whiskies on Facebook
Planet Whiskies on Google Plus
Planet Whiskies on Pinterest

Antiquary 12 Years Old Blended Scotch WhiskyAntiquary 12 Years Old Blended Scotch Whisky

Nose: The fruitiness reveals the heavy use of Speyside malts, theres also hints of honey and a quite peppery, spicy undertone. Palate: Much the same as the nose, with the added flavor of moist grain. The finish is toffee-like and smooth.
Clicks to read more

Antiquary 12 Years Old for £31.00
World-wide delivery available - Price Subject to Change

Glen Grant 18 Year Old Rare Edition Rothes Speyside Single Malt WhiskyGlen Grant 18 Year Old Rare Edition Rothes Speyside Single Malt Whisky

A brilliant inventor, a notoriously charismatic entertainer, and an unconventional world traveler, James "The Major" Grant inherited the Glen Grant Distillery, nestled in the rolling green hills of Rothes, Speyside... Read more

Glen Grant 18 Year Old Rare Edition for only £108.50
World-wide delivery available - Price Subject to Change

Subscribe to Planet Whiskies newsletter

* indicates required

Buy from Spirits By Post:: Excellent whisky selection available to buy online today:: Click for more details

Latest Whisky News

See all whisky press releases for 2017

Introducing The Wemyss Family Collection: 17th August, 2017

Walsh Whiskey Distillery: Writers’ Tears Red Head Wins The Masters: 10th August, 2017

The Dalmore Valour takes Gold at International Wine and Spirits Competition (IWSC) 2017: 9th August, 2017

Latest Gin News

Ian Macleod Distillers Acquires Edinburgh Gin :: 13th September, 2016

Crafted Upon Four Pillars :: The definitive Modern Australian Gin Debuts in the U.S :: 13th July, 2016

VisitScotland Interactive Whisky Guide

Visit Scotland Interactive Whisky Map

Found out about 105 whisky distilleries in Scotland's five whisky regions in this very exciting interactive whisky guide :: More information

Buy the Whisky Magazine Subscribe to Whisky Magazine

Subscribe to the Whisky Magazine and find out the latest news within the whisky industry. More details

Selection of Scottish Malts Whisky available from Spirits By Post

Hibiki 17 Year Old Single Malt Japanese WhiskyHibiki 17 Year Old Single Malt Japanese Whisky

Distillery:  Japanese

Nose: Peach, Apricot, Melon, Rose, Lily and Lemon Leaf.
Palate: Toffee, Black Cherries, Vanilla and Mizunara (Japanese Oak)
Finish: Sweet, Fruity with Lychee Aftertaste.

Buy Now for £178.00
World-wide delivery available - Price Subject to Change

Macallan 12 Years Old Double Cask Single Malt Scotch WhiskyMacallan 12 Years Old Double Cask Single Malt Scotch Whisky

Distillery:  The Macallan

Nose: Creamy butterscotch with a hint of toffee apple, candied orange, vanilla custard and newly felled oak. Palate: Deliciously honeyed, wood spices and citrus, balanced with raisins and caramel. Finish: Oak lingers, warm, sweet and drying.
Clicks to read more

Buy Now for £47.00
World-wide delivery available - Price Subject to Change

Highland Park Odin - The Valhalla Collection 16 Year Old Single Malt WhiskyHighland Park Odin - The Valhalla Collection 16 Year Old Single Malt Whisky

Distillery:  Highland Park

Colour/Appearance: Vivid burst of sunlight.
Nose: Robust, sweet vanilla and honey, red berry fruit, toasted honeycomb, peaty smoke.
Palate: Prominent sweetness, cinnamon, bitter chocolate, fruit cake.
Finish: Lingering and complex with citrus.

Buy Now for £499.00
World-wide delivery available - Price Subject to Change

Scapa 14 Year Old Single Malt Scotch WhiskyScapa 14 Year Old Single Malt Scotch Whisky

Distillery:  Scapa

Colour/Appearance: Gold yellow.
Nose: Spicy and fruity, half-dried apricots, peaty, honey, hazelnuts.
Palate: Round and sweet, nuttiness, honeyed, balanced oak, leather and caramelised notes.
Finish: Short, cinnamon lingers.

Buy Now for £125.00
World-wide delivery available - Price Subject to Change

Tomatin 18 Years Old Highland Single Malt Scotch WhiskyTomatin 18 Years Old Highland Single Malt Scotch Whisky

Distillery:  Tomatin

Colour/Appearance: Dark Amber. Palate: Honey and soft oak flavours develop into a hint of dark chocolate with a citrus bite. Finish: Asustained sweet and slightly dry finish.
Clicks to read more

Buy Now for £74.00
World-wide delivery available - Price Subject to Change

More details about Spirits By Post can be found on their website at www.spiritsbypost.com

Planet Whiskies on Pinterest

Planet Whiskies on Twitter

Support us Google Plus