date:Mar 08, 2013
The introduction of new EU customs classifications may result in increase in excise duty and value added tax (VAT) for some made-wine products, according to The Wine and Spirit Trade Association (WSTA), a UK-based organization representing over 340 wine and spirits companies.
The changes will also create confusion among producers as some ready to drink (RTD) products like cocktails and cream-based drinks will lose their 'made-wine classification' and will be classified as 'spirit drinks' under