INSURANCE NEWS

Keep informed with our business insurance and commercial insurance news, updated daily with the latest news articles affecting UK businesses today.

Govt 'should cut excise duty'

http://pictures.directnews.co.uk/liveimages/Clinking+glasses_873_19113065_0_0_7020758_300.jpg

The government should cut the level of excise duty which is currently paid on draught beer by pub insurance customers, an organisation asserts.

Robert Humphreys, secretary for the All Party Parliamentary Beer Group, states that this would help differentiate between alcohol consumed in bars and that bought to drink in the home.

While he recognises that European Union law currently forbids levelling different forms of tax on the same product, he says this will shortly be up for review.

He suggests that this is a good opportunity to suggest changes in the future which could help bring about this new rule and support pub insurance customers.

Mr Humphreys comments: "Those who regard the services provided for communities by pubs as really important, it may be the only lifeline that they have."

Recent figures published by the British Beer and Pub Association reveal that 2,000 pub insurance customers have gone out of business since the increase of the beer tax in the 2008 Budget.ADNFCR-873-ID-19113065-ADNFCR

Archive

Knowledge centre

Latest news

Insurance warning ahead of Games
Tuesday, February | Commercial insurance

BRC welcomes investment but criticises rates
Monday, February | Shop insurance