EU MINISTERS APPROVE SLASHING MADEIRA BEER DUTIES
June 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has authorised Portugal to halve the excise duty on beer produced in its Atlantic archipelago Madeira, even where breweries' production exceed the maximum capacity allowed under EU rules for such a reduction. Under the EU's excise duty directive 92/83/EEC, threatened small breweries can have their excise duties halved, when producing under 200,000 hectolitres per annum. EU ministers have accepted that although Madeira breweries - notably Empresa de Cervejas da Madeira - could exceed that production, ...
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