|Alcohol duty administration||DUTIES|
|HMRC has launched a new consultation on proposed changes to the administrative and accounting requirements for alcohol duty. The consultation is part of HMRC’s commitment published in March 2016 to work with the alcohol industry to simplify the alcohol duty regimes.These measures include looking at ways to reduce the complexity of alcohol duty. The consultation is seeking interested parties’ views on changes to registration requirements, alignment of return and payment dates and the current position for excise duty deferment including guarantees.
HMRC is keen to hear from those who currently produce, process or store alcohol subject to excise duty as well as those who are looking to do so in the future and representative bodies. There are estimated to be some 8,000 businesses involved with paying alcohol duty of £10.5 billion annually. The consultation is open for comment until 26 April 2017.
February 27th, 2017