KWARTENG SCRAPS ALCOHOL TAX HIKE SUDDENLY

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Alcohol duty is revalued annually to keep up with inflation, although it's been slashed or frozen in every budget since 2013.

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Rishi Sunak, Mr. Kwarteng's predecessor, promiseda new alcohol taxation regime for 2023.

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"We're also modernising alcohol duties," he stated in his mini-budget speech.

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From February 2023, 5% tax cuts on draught beer and cider will be extended to 20-litre kegs to support bars devastated by epidemic closures.

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He also promised an 18-month wine duty transition while the administration changes.

Further Discussion Reagarding that going on with Comapany at Year end and Tax will applicable in Feb23 only

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