Alcohol will become more expensive from August, as taxes on some booze increase. A new system, which taxes drinks in line with their strength, will also be introduced.
First announced in the Spring Statement, from August 1, alcohol duty rates will rise by 10.1%, in line with September 2022's inflation figure. At the same time, the way alcohol will be taxed will also change, meaning alcohol will be taxed higher the strong they are.
For example, a 40% alcohol by volume (ABV) bottle of whiskey will be taxed more than a 13% ABV bottle of wine. The new system replaces the current Alcohol Duty system, which consists of four separate taxes simply covering beer, cider, spirits, wine and made-wine, reports the Mirror.
