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Budget has come down with 60% back on small distiller excise to $30k. That reduces excise from $24 per bottle to $10 for the first 2000 bottles. (If my fuzzy head calcs are right!)
Wow! Never a better time!
Fantastic news!!! I haven't been watching. Which lobby group do we have to thank for this?
~punkin places an order for twenty 120l boilers~
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How many are there?? I know the ADA have been working hard behind the scenes.
Recent efforts via fixmytax.com but since I think they are funded by DSICA (aka the big boys like Diageo) I Wonder if that campaign will end as they only got a small fix that doesn't do much for the big boys!
Original campaign by Bill Lark, Pat Maguire et al.
However pushed by everyone who had a chance to talk to govt on excise policy for years!
BTW the govt now say there are 100 licenced distilleries in Australia!
Thanks Yurgle. I'll have to add a membership.
Do you have a link for the press release?
edit; found it
Budget 2016: Wine producers to receive funding boost amid changes to Wine Equalisation Tax rebate; Distillers granted access to excise refund scheme @ smartcompany
Australian spirit makers call for tax breaks to compete with imported labels @ ABC News AU
Great news !
We have 2 automatic excise increases between now and when the proposed relief comes to fruition. Assuming the government of the remains in power after the election.
I hope they go down like a sack of shit of course.
Still i think labour would hopefully honour this.
They're all fuct, our only concession is we won't get trumped. Well not directly at least.
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