Family brewers paid almost half a billion pounds in tax last year, a new study shows.
Research among 20 members of the Independent Family Brewers of Britain (IFBB) found they paid £496.5m to the UK economy. Of this total, more than £200m is comprised of excise duty and £169.5m is VAT, equal to 5.8% and 0.2% of the UK’s total tax revenue respectively, IFBB said.
The IFBB pointed out that family brewers pay more than £34m in corporation tax, dwarfing the £6m reportedly paid by Google and £1.8m paid by Amazon, and nothing by Starbucks UK.
The news comes after the Family Brewers announced a turnover of almost £1.6 billion across its members, with 17,000 full-time employees and 21,000 employed with the Family Brewers on a part-time basis.
James Staughton, chairman of the Independent Family Brewers of Britain, said: “These figures speak for themselves. To help our licensees’ long-term future and profitability, we encourage the Government to scrap the beer duty escalator and consider a reduction in VAT charged in pubs on drink, food and accommodation, in order to offset unfair supermarket competition and stimulate economic growth and employment in our industry.”
