Price of Angostura Bitters set to skyrocket?
Posted: Tue Jan 10, 2012 1:13 pm
Read rest of the entry here.Institute for Alcoholic Experimentation wrote:A lawyer friend of mine (yes, it is technically possible) asked my opinion back in August for a document he was preparing to challenge a proposal to lift the exemption from excise duty on Angosura Bitters. Angostura is actually 44.7% ABV, so it technically a booze, but since 1970 it has been exempt from UK duty—according to a press release from HM Revenue & Customs, this measure was introduced to help the economy of Trinidad, where it is made. HMRC now feel that that help is no longer needed.