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08/10/2009
Beer Duty 'Nine Times EU Average'
It has been revealed today that Ireland has the fourth highest excise duty on beer in Europe.
The Ernst and Young Report 'Contribution Made by Beer to the European Economy' found the import tax on beer was nine times the EU average earning the Government €427 million in taxes last year.
Dermot Quinn, industrial, commercial and technology partner with Ernst & Young, warned against any possible further hikes to the tax.
"This report proves that Ireland’s beer sector remains a key component of our export economy and the Government needs to ensure that their future approach to taxation policy does not further negatively impact an industry already heavily burdened by taxation," he said.
According to the report, Irish brewers directly employ 2,020 personnel, including suppliers means 8,300 fulltime jobs depend on beer while retail and hospitality outlets employ 42,300 due to the sale of beer.
The bulk of beer is still consumed in pubs. However, the smoking ban in public places has accelerated the previously apparent trend from on-trade towards off-trade channels.
The report also says there as been a shift in consumer preferences from stout to lager and that private consumption in the home for example is shifting increasingly from beer to wine and overall, Government revenues from VAT and excise amount to 990 million euros.
The continent-wide report - carried out on behalf of the Brewers of Europe - found only the UK, Finland and Norway had higher excise duties than Ireland.
(DW/BMcC)
The Ernst and Young Report 'Contribution Made by Beer to the European Economy' found the import tax on beer was nine times the EU average earning the Government €427 million in taxes last year.
Dermot Quinn, industrial, commercial and technology partner with Ernst & Young, warned against any possible further hikes to the tax.
"This report proves that Ireland’s beer sector remains a key component of our export economy and the Government needs to ensure that their future approach to taxation policy does not further negatively impact an industry already heavily burdened by taxation," he said.
According to the report, Irish brewers directly employ 2,020 personnel, including suppliers means 8,300 fulltime jobs depend on beer while retail and hospitality outlets employ 42,300 due to the sale of beer.
The bulk of beer is still consumed in pubs. However, the smoking ban in public places has accelerated the previously apparent trend from on-trade towards off-trade channels.
The report also says there as been a shift in consumer preferences from stout to lager and that private consumption in the home for example is shifting increasingly from beer to wine and overall, Government revenues from VAT and excise amount to 990 million euros.
The continent-wide report - carried out on behalf of the Brewers of Europe - found only the UK, Finland and Norway had higher excise duties than Ireland.
(DW/BMcC)
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