Category: Wine
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Taxes on wine and spirits set to rise as duty on a pint is cut
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From Saturday, the cost of wine and lives will climb, as the government raises the duty of alcohol in line with inflation and implement new rules linking tax levels to force (ABV) for each drink. While commercial bodies warn that these will be a “bitter blow” for the sector, the…
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Wine, spirits and beer – Fortune’s 2024 gift guide
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Need a real last-minute gift? It’s hard to go wrong with alcohol. Whether you’re lifting someone’s spirits, throwing a late holiday party, or planning a holiday meal, the right beer, wine, or liquor can enhance the occasion. But finding the right bottle for the occasion is not easy. Tastes vary…
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Berry Bros & Rudd families warn inheritance tax changes threaten legacy of historic wine business
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The Berry and Rudd families, owners of prestigious London wine merchant Berry Bros & Rudd, have raised concerns about recent inheritance tax reforms which could threaten the future of their 376-year-old business. The Labor government’s proposed 50% cut in commercial property relief – which allows family-owned businesses to pass on…
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Wine prices to rise, beer to fall in new tax plans
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Wine prices are expected to rise while the cost of beer will fall under new proposals from the National Treasury, which has imposed excise duty on drinks based on their alcohol content by volume. The Excise Laws (Amendment) Bill, 2024 seeks to restructure the excise duty rate on wine and…
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Discerning palate: Kenya outperforms UK at international wine tasters contest
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In a remarkable achievement, Kenyan wine tasters have bested traditional wine powerhouses such as England at the prestigious World Wine Tasting Championships, often called the “Olympics of Wine”. The event, held in France, sees competitors tasting a variety of unnamed wines, guessing their region, vintage and grape variety. This year…
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Discerning palate: Kenya outperforms UK at international wine tasters contest
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In a remarkable achievement, Kenyan wine tasters have bested traditional wine powerhouses such as England at the prestigious World Wine Tasting Championships, often called the “Olympics of Wine”. The event, held in France, sees competitors tasting a variety of unnamed wines, guessing their region, vintage and grape variety. This year…
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Why Italian winemakers are fighting to banish ‘prosecco’ from your wine collection
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In celebration of National Prosecco Day, Rebecca Ann Hughes explores the initial boom in prosecco and why winemakers decided to ditch the term ‘prosecco’ from labels altogether. Head to the wine section of most supermarkets in Europe and you’ll find plenty of bottles of sparkling white wine labeled “Prosecco.” It…