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 Madeira, even where breweries' production exceed the maximum capacity allowed under EU rules for such reductions. Under the EU's excise directive 92/83/EEC, small breweries can have 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 limit, they still suffer stiff competition from mainland ...
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