Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the level expected revenue from alcohol duty in 2023-24 following the decision to the extend the freeze on alcohol duty from 1 February to 1 August 2023.
The Office for Budget Responsibility (OBR) forecast for alcohol duty receipts for the tax year 2023-2024 can be found at the following link: https://obr.uk/docs/dlm_uploads/CCS0822661240-002_SECURE_OBR_EFO_November_2022_WEB_ACCESSIBLE.pdf.
To note, these estimates were published in November 2022 and do not account for the impact of the 19 December announcement, which confirmed the timings of the next alcohol duty decision to provide businesses with certainty.
As I said in my statement on 19 December, the Chancellor has reserved his decision on future duty rates for Spring Budget 2023 and the impact on expected revenues for 2023-24 will depend on the outcome of his decision. This will be costed by the Office for Budget Responsibility (OBR) and published at the Spring Budget in the usual way.