IRISH WINE INDUSTRY FACING ‘PERFECT STORM’: EU’S HIGHEST EXCISE RATE AND IMPACT OF BREXIT – NEW REPORT

Tuesday, 5 September 2017

The Irish Wine Association has today launched the Irish Wine Market Report 2016, calling for an alcohol excise reduction in the upcoming Budget, stating that Ireland’s penal excise rate is bad for jobs, consumers and tourism. The Irish Government increased excise on wine by 62% since 2012. These increases introduced during the financial crisis as an emergency measure have created significant cash-flow issues for distributors and importers, as many have to pay excise as an up-front cost. Irish wine importers and distributors are now paying €38,240 up-front, on excise per 1000 cases when they are imported.