Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much revenue has been raised from the Duty Stamps Scheme since the introduction of that scheme.
Duty stamps do not raise revenue, they are an anti-fraud measure that have helped secure the alcohol supply chain, making it more difficult for illicit products to infiltrate the market. HMRC’s tax gap estimate indicates that such measures are successfully keeping spirit’s fraud at historically low levels.
The Government is keen to support innovation in the alcohol sector. That is why, at Budget 2020, we announced plans to review alcohol duty with the aim of improving the current system to make it simpler, more economically rational and less administratively burdensome.
Following a Call for Evidence launched in October 2020, the Government is currently considering the responses. While scope of this review does not include duty stamps, HM Revenue and Customs will review the duty stamps policy when any changes to the alcohol regime have been developed.