Articles

  • 1 week ago | thedrinksbusiness.com | Jessica Mason

    The global alcoholic drinks sector is set to grow by US$16 billion in the next five years and show US$34 billion in growth within a decade. The forecasts, released by data and insight analysts at the IWSR, have predicted 10 years of steady growth and align with the company’s 2024 industry forecast which showed a mixed year amidst a challenging political and economic landscape. According to the findings, global beverage alcohol volume was down 1% but value was up 1%.

  • 1 month ago | thedrinksbusiness.com | Jessica Mason

    A way to detect the off-flavour of dimethyl sulfide (DMS) in beer using smartphones and colour readings has been discovered by scientists. DMS contributes significantly to the flavour profile of beer and brewers and beer fans have historically noted how presence is desirable at low concentration levels, however it becomes an off-flavour at high concentrations and can offer up unpleasant cooked cabbage and sweetcorn aromas.

  • 1 month ago | thedrinksbusiness.com | Jessica Mason

    News US craft breweries are being forced to reconsider how to package beers now that tariffs have been placed on aluminium. In March, President Donald Trump imposed 25% tariffs on steel, aluminium and other derivative products. The move, which was based on the initial import taxes in 2018 which established tariffs of 25% on steel and 10% on aluminium from most trading partners has now stepped up with the new tariffs eliminating exemptions granted to the 2018 levies.

  • 2 months ago | hboltd.co.uk | Holly Walker |Jessica Mason |Vanessa Glenn

    In her first Budget in October 2024, Rachel Reeves promised that there would only be one ‘fiscal event’ each year – she would not make significant tax changes more frequently. As she repeatedly said during her Spring Statement, the world changes rapidly: economic and political events can disrupt the forecasts that measure her compliance with her self-imposed fiscal rules.

  • 2 months ago | hboltd.co.uk | Holly Walker |Vanessa Glenn |Jessica Mason

    The abolition of the Furnished Holiday Lettings (FHL) tax regime, confirmed in the Spring Budget 2024, will take effect from 6 April 2025. This means property owners (individuals) currently benefiting from the scheme must understand how these changes will impact them. What this means for property ownersThe abolition of the FHL regime will see the same tax treatment being applied, whether you continue providing holiday accommodation or decide to rent property on a longer-term basis.