The makers of Smirnoff Ice said it had decided to withdraw ‘Gordon’s Edge’ from the ‘ready-to-drink’ market because of ‘uncertainty due to the duty-driven RTD price increases’ according to the FT.
In his 2002 Budget Brown ended a concessionary tax treatment for ‘spirit-based coolers’, saying, tax levied on them ‘as a proportion of retail price was now lower than for any other type of alcoholic drink’.
Despite this, Diageo said it was still committed to the RTD market where it said it would continue to ‘invest and innovate’.
Other Diageo ‘alcopops’ include Smirnoff Black Ice, Smirnoff Mule, Archers Aqua, J&B Twist and Johnnie Walker One.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states