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Wine: What Are You Paying For? The Taste Of Tax

THE TASTE OF TAX Wine: What Are You Paying For? good wine at Charlie The Wine We We know that ultimately, a good bottle of wine is worth paying for. But what exactly are you paying for? Average Price: £5.03 The average price of a bottle of wine at the beginning of 2013 is £5.03, which will increase following the 2013 budget. AND RISING D £2.00 Duty is a fixed fee. That's £2 on every bottle of wine you buy in the UK. That's almost 40% of the average price VAT CANK 20% 20% of everything, including Duty. 84p of the average price CHARLCUIN "Everything Else" pays for PRODUCTION COSTS IMPORT COSTS Growing & Harvesting Grapes Producing Wine Storage until it's ready to drink International Shipping & Handling WINE DISTRIBUTOR WINE MERCHANT Many Wine Producers sell to a Wholesale Distributor who then The wine merchant will buy wine at a price that includes the cost of production, import and distribution, and add a little extra on at sells to Retailers, Supermarkets and Wine Merchants the end BUT WHAT DOES THAT MEAN? With a fixed amount of DUTY, it could mean that: The less you pay for a bottle of Wine, the less "Wine" you get for your money. THE UK ALCOHOL INDUSTRY PAID - £15 BILLION IN EXCISE DUTY & VAT IN 2010 THAT'S £15,000,000,000 THE INDUSTRY SUPPORTS 1,100,000 JOBS ACROSS THE UK ECONOMY This infographic is brought to you by CharlieThe Wine www.charliethewine.com Sources: http://www.thedrinksbusiness.com/2013/01/average-wine-price-in-uk-breaks-5-mark/ http://cdn.hm-treasury.gov.uk/budget2013.complete.pdf http://www.ft.com/cms/s/o/sbf71978-915e-1le2-baco-o0144feabdco.html#axzz2OAA440Fu http://blog.beuduc.com/201/03/24/13-unpalatable-facts-about-uk-wine-duty/ http://www.decanter.com/news/wine-news/583730/ budget-2013-wine-trade-dismay-as-chancellor-raises-wine-tax-cuts-beer http://www.wsta.co.uk/facts-and-figures.html Published April 2013 This work by http://www.charliethewine.com/ is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. ELSE EYERYTHING THE TASTE OF TAX Wine: What Are You Paying For? good wine at Charlie The Wine We We know that ultimately, a good bottle of wine is worth paying for. But what exactly are you paying for? Average Price: £5.03 The average price of a bottle of wine at the beginning of 2013 is £5.03, which will increase following the 2013 budget. AND RISING D £2.00 Duty is a fixed fee. That's £2 on every bottle of wine you buy in the UK. That's almost 40% of the average price VAT CANK 20% 20% of everything, including Duty. 84p of the average price CHARLCUIN "Everything Else" pays for PRODUCTION COSTS IMPORT COSTS Growing & Harvesting Grapes Producing Wine Storage until it's ready to drink International Shipping & Handling WINE DISTRIBUTOR WINE MERCHANT Many Wine Producers sell to a Wholesale Distributor who then The wine merchant will buy wine at a price that includes the cost of production, import and distribution, and add a little extra on at sells to Retailers, Supermarkets and Wine Merchants the end BUT WHAT DOES THAT MEAN? With a fixed amount of DUTY, it could mean that: The less you pay for a bottle of Wine, the less "Wine" you get for your money. THE UK ALCOHOL INDUSTRY PAID - £15 BILLION IN EXCISE DUTY & VAT IN 2010 THAT'S £15,000,000,000 THE INDUSTRY SUPPORTS 1,100,000 JOBS ACROSS THE UK ECONOMY This infographic is brought to you by CharlieThe Wine www.charliethewine.com Sources: http://www.thedrinksbusiness.com/2013/01/average-wine-price-in-uk-breaks-5-mark/ http://cdn.hm-treasury.gov.uk/budget2013.complete.pdf http://www.ft.com/cms/s/o/sbf71978-915e-1le2-baco-o0144feabdco.html#axzz2OAA440Fu http://blog.beuduc.com/201/03/24/13-unpalatable-facts-about-uk-wine-duty/ http://www.decanter.com/news/wine-news/583730/ budget-2013-wine-trade-dismay-as-chancellor-raises-wine-tax-cuts-beer http://www.wsta.co.uk/facts-and-figures.html Published April 2013 This work by http://www.charliethewine.com/ is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. ELSE EYERYTHING

Wine: What Are You Paying For? The Taste Of Tax

shared by magicrob on Apr 23
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Many people choose their wine based on its price. One of the issues with trying to find a "good value" bottle of wine is that if you choose a very low-priced bottle, the amount of duty and tax include...

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