Ever wondered exactly how much money the government makes in tax revenue from the sale of beer?
Well, we at the Beer Tax Blog can tell you, as HM Revenue and Customs have just released the March 2013 Alcohol Bulletin, which covers duty on alcohol including spirits, wine, cider and beer.
In March this year, Osborne netted just under £230m. However, despite the beer duty escalator, this figure was £10m less than the same month the previous year in 2011/12, or to put it another way, 4.3%. It is, however, around £13m more than the year before that in 2010/11, so swings and roundabouts we suppose.
The year-to-date revenue for the 2012/13 financial year (April to March) is £3.43bn – £37m less (or 1.1%) than exactly the same period in the previous 2011/12 financial year.
The latest 3 month moving average, which includes January, February and March’s data, was £243m. This figure is 2.3% (or £6m) less than the same 3 month moving average the year before, and 15.1% (or £43m) less than the previous 3 month average, which includes data for October, November and December.
The only two months in the 2012/13 financial year where total tax revenue from beer was lower than the previous two years were May and October. April 2012 saw a peak in revenue of £386m, which according to HM Revenue and Customs “is consistent with the previous year’s peak of £345m.”
You can also see the effect of the 2010 World Cup in June 2010’s peak of £380m.
HM Revenue and Customs says beer revenue from June 2012 onwards has been less volatile than in 2010/11, but more volatile than in 2011/12.
Click on the picture above to get the data and play with our interactive chart.
Data: https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutyBulletins.aspx, 30 April 2013