News
Beer tax debate set for Parliament this week
Ministers will debate the positives and negatives of the duty escalator.
As it stands, the duty on beer rises two per cent above the rate of inflation every year, a scheme that has been used since 2008.
However, critics argue that it has led to thousands of small firms and pubs going out of business as the industry is forced to increase prices.
In response, the Treasury has said: "The revenues from alcohol duty make an important contribution to tackling Britain's debt crisis.
"Budget 2012's duty increase and increases to 2014-2015 form part of our credible plan to reduce Britain's debt, which is required to ensure low interest rates and a stable platform for growth."
Earlier this month, the Chief Executive of the British Beer & Pub Association, Brigid Simmonds, said that ministers must review the increase to help pubs survive.
Posted by Emily Smith
Date published 31 Oct 2012 | Last updated 31 Oct 2012
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.