taxes

Distillers Left Out of UK Energy Relief Program

February 17, 2023 – Wine, cider, and beer qualify for relief under the UK Government’s new energy relief program, but whisky distillers have been left out, despite the fact that distilleries use more energy than their competitors in the drinks industry. The government’s Energy and Trade Intensive Industries scheme is designed to provide financial support for industries hit hard by the rise in electricity and natural gas prices, with eligible companies receiving a discount based on the difference between wholesale prices and a set price threshold. According to the Scotch Whisky Association, 53 percent of distillers have seen their energy Read More »

Kentucky Barrel Inventory Reaches New High

September 27, 2022 – Kentucky distillers set a new production record in 2021, according to state revenue department data released today by the Kentucky Distillers Association. Distillers filled more than 2 million barrels for the fourth consecutive year, and had a total of nearly 12 million barrels of Bourbon and other spirits aging in the state’s rickhouses as of January 1, when they’re required to file an inventory report with the state. The inventory generated a total of $40 million in “barrel taxes,” the property tax leveled on every barrel of maturing spirits in a distiller’s inventory. That money goes Read More »

Scroll to Top