The Treasury has announced changes to Small Brewers Relief (SBR) – the progressive tax system that has revolutionised UK brewing. These changes will reduce the 50% duty threshold from 5,000hl to 2,100hl: small breweries will have to pay more duty, whilst larger breweries could pay the same or less.
The amount of extra revenue this may raise will be a pittance initially and is likely to dwindle to nothing as currently successful businesses close down. So much for joined-up thinking in government.
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