Back in March 2009
the Chancellor increased duty on wines by an
inflation busting 11%. Part of his rationale was
that the simultaneous decrease in VAT from 17.5% to
15% would reduce the effect of this for consumers.
You will perhaps be
unsurprised to learn that now VAT has once more
increased back to 17.5% (from Jan 1st) there is no
corresponding reduction in the rate of duty – and no
doubt further tax rises will follow in the Spring.
We have had to
reflect the new rate of VAT in our prices, but have
increased prices across the range only by an average
of 1.6% - less than the 2.5% additional VAT charge –
and many prices remain unchanged.
We thank you for your
continued loyalty and believe that our wines still
offer excellent value in today's competitive market.