Measures which allowed venues to repackage kegged beer and were relaxed to allow the production of hand sanitiser are being rolled back by the ATO.
In the latest tax disclosures from the Australian Tax Office, it was revealed that neither of the country’s two major brewers paid corporate tax last year.
The latest report from researchers at Monash University using data from the Australian Tax Office, rather than self-reported polls, has shown a net decrease in beer drinking.
The easing of rules allowing venues to repackage duty-paid kegged beer and cocktails for takeaway is being extended until next year according to the ATO.
Alcohol excise rise is paused for the first time in 37 years due to a fall in the Consumer Price Index as a result of COVID-19.
The ATO’s release of tax transparency figures revealed that CUB’s parent company did not pay any corporate tax for the fifth year running, but it’s a bit more complicated than that, according to experts.
Venues face fines of up to $23,100 if they offer growlers poured from kegs taxed at concessional rates without an alcohol manufacturer licence, following changes to beer excise rules.
The Australian Tax Office has released an information bulletin reminding brewers about the changes being made to excise from 1 July.
From 1 July 2012, eligible breweries are able to receive an excise refund of 60 per cent of excise paid, up to a maximum amount of $30,000 per financial year.