International Beer Day and Excise Duty
Just in Time for the Weekend: International Beer Day is Today!
Today is International Beer Day.
International Beer Day was created to celebrate the deliciousness that is beer, to celebrate the men and women who brew and serve beer, and to bring the world together in celebrating beer from all countries and cultures. At Customs Support Group we are all for celebrating and inclusion. And most of us like beer.
Beer is one of the oldest and most widely consumed alcoholic drinks in the world, and the third most popular drink overall after water and tea. Beer is brewed from cereal grains—most commonly from malted barley, though wheat, maize (corn), and rice are also used. During the brewing process, fermentation of the starch sugars in the wort produces ethanol and carbonation in the resulting beer. Most modern beer is brewed with hops, which add bitterness and other flavours and act as a natural preservative and stabilizing agent. Other flavouring agents such as gruit, herbs, or fruits may be included or used instead of hops.
Read more on the Beer Wikipedia page here.
Excise Duty needs to be paid when importing Excise Goods into (for example) the Netherlands.
Excise goods are:
- Products containing alcohol, like beer, wine, intermediate products (e.g. port, sherry), liquor and perfumes.
- Tobacco products in the form of smoking tobacco, cigarettes and cigars
- Mineral oils, like petrol or diesel.
If your company is importing and storing large quantities of Excise Goods of the first category (like beer!) it can get expensive if you have to pay all excise duties immediately. Customs Support Group can help you with that and set up your tax warehouse where you can store Excise Goods without having to pay the excise. Excise will have to be paid once the goods are delivered to your end customer for resale or use.
If you’d like to know more about excise on alcohol, storing goods in a tax warehouse or want assistance with establishing one, please contact one of our specialists.
Photo by Engin Akyurt from Pexels