Category: Parliament

“Bourbon Capital of the World” Hits the Brakes on New Whiskey-Related Projects (Episode 1003: May 7, 2023)

Bourbon’s construction boom in Central Kentucky is raising concerns in Nelson County, home to Bardstown, the “Bourbon Capital of the World.” County officials have reached a compromise with whiskey makers for a 90-day moratorium on planning approval for new warehouses in agricultural zones. Nelson County Judge Executive Tim Hutchins wants a review of current ordinances allowing virtually unfettered development of warehouses without public input, while allowing projects in areas zoned for industrial use to move forward. We’ll talk with Judge Hutchins on this week’s WhiskyCast In-Depth about the moratorium and the impact of losing millions of dollars in barrel tax Read More »

Bourbon’s construction boom in Central Kentucky is raising concerns in Nelson County, home to Bardstown, the “Bourbon Capital of the World.” County officials have reached a compromise with whiskey makers for a 90-day moratorium on planning approval for new warehouses in agricultural zones. Nelson County Judge Executive Tim Hutchins wants a review of current ordinances allowing virtually unfettered development of warehouses without public input, while allowing projects in areas zoned for industrial use to move forward. We’ll talk with Judge Hutchins on this week’s WhiskyCast In-Depth about the moratorium and the impact of losing millions of dollars in barrel tax revenue in the coming years. In the news, Sazerac CEO Mark Brown is stepping aside in a long-planned succession, while Scotland’s Parliament has approved new rules to make it easier for whisky makers to borrow against their stockpiles of maturing whisky. We’ll also have details on a host of commemorative whiskies celebrating the coronation of King Charles III, along with the rest of the week’s whisky releases.

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Links: Sazerac | Balmoral Castle & Estate | Bimber Distillery | Bladnoch | Duncan Taylor & Co. | Hunter Laing & Co. | Blackened American Whiskey | Whiskey JYPSI | Brother’s Bond | Old Potrero | Santa Fe Spirits | Dram Hunters | American Mash & Grain | Oban | InchDairnie Distillery

Thanks a Thousand! (Episode 1000: April 16, 2023)

We’re celebrating a major milestone this week with the 1000th episode of WhiskyCast! To mark the occasion, Mark went back through the archives to pick some memorable moments and interviews from the past 18 years for this special episode. You’ll hear from legends like the late Parker Beam and Michael Jackson, along with Jimmy Russell, Jim McEwan, Maureen Robinson, Fawn Weaver, and Richard Paterson…just to name a few. This episode is a lot longer than usual, and there’s plenty more that we could have included. In the news, Scotch Whisky Association leaders are hoping to persuade Parliament to reject a Read More »

We’re celebrating a major milestone this week with the 1000th episode of WhiskyCast! To mark the occasion, Mark went back through the archives to pick some memorable moments and interviews from the past 18 years for this special episode. You’ll hear from legends like the late Parker Beam and Michael Jackson, along with Jimmy Russell, Jim McEwan, Maureen Robinson, Fawn Weaver, and Richard Paterson…just to name a few. This episode is a lot longer than usual, and there’s plenty more that we could have included. In the news, Scotch Whisky Association leaders are hoping to persuade Parliament to reject a tax increase on whiskies and other distilled spirits, while local officials in Kentucky are looking at moratoriums on new distillery construction following the phaseout of the state’s barrel tax.

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Links: Scotch Whisky Association | Kentucky.com | Sotheby’s | Papal Willett Barrel Pick | Royal Salute | Jura | Dewar’s | Coors Whiskey Company | Hemingway Rye | Lost Lantern

Chancellor Slams Whisky Industry With Tax Hike

March 15, 2023 – The Scotch Whisky Association’s pleas for a freeze on excise duty fell on deaf ears, as Chancellor Jeremy Hunt’s new budget calls for a 10.1% increase in duty on whisky and other distilled spirits. Hunt’s budget plans a tax increase in line with inflation effective August 1 for all four alcohol categories (distilled spirits, wine, beer, and cider), with relief being offered for on-draught products sold at bars and restaurants. According to the Scotch Whisky Association, the duty rate on spirits will rise to £31.64 per liter of pure alcohol, raising the tax burden on an Read More »

Chancellor of the Exchequer Jeremy Hunt with the "red box" containing his budget address to Parliament March 15, 2023. Image courtesy UK.gov.

Chancellor of the Exchequer Jeremy Hunt with the “red box” containing his budget address to Parliament March 15, 2023. Image courtesy UK.gov.

March 15, 2023 – The Scotch Whisky Association’s pleas for a freeze on excise duty fell on deaf ears, as Chancellor Jeremy Hunt’s new budget calls for a 10.1% increase in duty on whisky and other distilled spirits. Hunt’s budget plans a tax increase in line with inflation effective August 1 for all four alcohol categories (distilled spirits, wine, beer, and cider), with relief being offered for on-draught products sold at bars and restaurants.

According to the Scotch Whisky Association, the duty rate on spirits will rise to £31.64 per liter of pure alcohol, raising the tax burden on an average bottle of whisky from 70% to 75%.

SWA Chief Executive Mark Kent blasted what he calls a historic blow to the industry.

“We have been clear with the UK Government that increasing duty would be the wrong decision at the wrong time, so it is deeply disappointing that one of Scotland’s largest and longest-standing industries has been treated in this way. The industry continues to grapple with significant domestic headwinds, including the soaring cost of energy, intense pressure on the hospitality sector, and increasing regulatory burdens like the Deposit Return Scheme. This tax hike just adds to the pressures on the sector and breaks the UK government’s commitment to support Scotch,” he said in a statement. 

Kent called on members of Parliament to reject the “unjustifiable” tax hike when they vote on the Finance Bill later this spring.

Links: Scotch Whisky Association