EXCISE DUTY REPORT
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has proposed rounding up the European Union (EU) alcohol excise duty rates from levels agreed for 1993's establishment of the European single market, taking account of the 24 per cent inflation to 2003. This, said a formal Commission report, would "ensure that the minimum rates of excise duty do not become meaningless over time." The report also questioned whether an existing option to tax still and sparkling alcoholic beverages differently should be retained, taxing sparkling wines higher as luxury items. The report did, ...
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