date:Feb 10, 2014
The UK plans to ban retailers from selling alcohol at below-cost prices before the start of the FIFA World Cup finals this summer, in an attempt to limit excess drinking.
The Government has established 'cost' as the amount of 'duty plus VAT', defined as the level of alcohol duty (duty) for a product plus value added tax (VAT) payable on the duty element of the product price.
This guidance provides a single point of reference for suppliers of alcohol and local authorities in England and Wales f