HMRC has launched a further consultation on small brewers relief (SBR), setting out in further detail how and why the government reached its conclusions on the first part of the review, and exploring key issues associated with further reform. SBR provides relief for small brewers via reduced rates of beer duty. In the first part of its review, the Treasury looked to lower the threshold for SBR from 5,000 to 2,100 hectolitres, alongside the introduction of a more gradual taper. The Treasury would also convert the relief to operate on a cash basis, and further consider the potential for a ‘grace period’ for breweries that merge.
The consultation closes at 11:59pm on 4 April 2021. The government will consider the responses before making final decisions about reform and has confirmed that any changes will not take place before 1 January 2022.
HMRC has launched a further consultation on small brewers relief (SBR), setting out in further detail how and why the government reached its conclusions on the first part of the review, and exploring key issues associated with further reform. SBR provides relief for small brewers via reduced rates of beer duty. In the first part of its review, the Treasury looked to lower the threshold for SBR from 5,000 to 2,100 hectolitres, alongside the introduction of a more gradual taper. The Treasury would also convert the relief to operate on a cash basis, and further consider the potential for a ‘grace period’ for breweries that merge.
The consultation closes at 11:59pm on 4 April 2021. The government will consider the responses before making final decisions about reform and has confirmed that any changes will not take place before 1 January 2022.
