tax on Alcohol
Whats the tax rate for alcohol?
Its not 17.5% i know that.. :confused: :confused: |
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save you using your head its an arm and a leg ;) :rolleyes:
The current level of duty on a bottle of spirits is £6.50 given an average price per litre bottle of £10.00. The duty on a pint of beer at an average price of £2.50 per pint is £1.25. Sales of beer have been declining, falling by 10% in the last 5 years whilst the sale of spirits has remained steady. The current tax revenue from spirits is £2 billion and from beer £4 billion. The price elasticity of demand for spirits is -0.9 whilst for beer it is -0.85. Taken from http://www.bized.ac.uk/current/mind/2003_4/061003.htm Figures based in 2003 though, wouldnt have changed too much though I wouldnt have thought :) |
ohhh funny aswell that it mentions "Sales of beer have been declining, falling by 10% in the last 5 years whilst the sale of spirits has remained steady." yet everybody under 30 is binge drinking now arnt they? :rolleyes:
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so when i go to a club and buy a bottle of beer for £3 the tax man gets £1.50!
:eek2: |
"The current level of duty on a bottle of spirits is £6.50 given an average price per litre bottle of £10.00. The duty on a pint of beer at an average price of £2.50 per pint is £1.25.
Taken from http://www.bized.ac.uk/current/mind/2003_4/061003.htm" That's taken from an exam question, they're not real figures! I've not worked on the C&E side of things for a while and can't remember the exact rates now, but on a pint of beer costing £2.50 you'll be paying 44p VAT and something like 30p in duty. The brewers make about a penny a pint and the pub owners take the rest of the profit. Ratman MY98 Wagon |
lol.. oh ok then, I just did a google search and scanned over the pages that it found, that was the first one ;)
Sorry for the confusion then :) |
Originally Posted by davegtt
ohhh funny aswell that it mentions "Sales of beer have been declining, falling by 10% in the last 5 years whilst the sale of spirits has remained steady." yet everybody under 30 is binge drinking now arnt they? :rolleyes:
M |
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