Big News for the Alcohol and Vaping Industries – Spring Budget 2024 Updates & How NG-Terminal Can Assist You
As members of the esteemed The Bonded Warehousekeepers Association (BWA) family, NG Terminal Ltd is keen to share with you a concise digest of the Spring Budget 2024, focusing on key updates relevant to our industry. We are sharing the summary crafted based on the valuable insights provided by the BWA, reflecting our commitment to staying informed and proactive.
🍷 Alcohol Duty Stamps Scheme on the Horizon: The Government plans to retire the Alcohol Duty Stamp Scheme, ushering in a new era for the handling of spirits, wines, and other fermented products. A digital solution is promised to simplify the duty processes, making compliance smoother until the scheme’s official closure. Learn more: https://lnkd.in/eUd4GdVj
💨 The Introduction of Vaping Products Duty: With a vision for October 2026, a new duty aims to regulate vaping products to discourage use among youth and non-smokers. This move, coupled with an increase in tobacco duty, seeks to balance public health interests with financial incentives for quitting smoking. A consultation period is now open, inviting contributions from all sectors. Learn more: https://lnkd.in/exKDDifW
At NG Terminal Ltd, we understand the complexities these changes bring. Our Excise Goods Handling service is designed to navigate the evolving landscape seamlessly. Whether you deal with alcohol, tobacco, or are gearing up for the new vaping products duty, we’ve got you covered:
Permitted Excise Goods Handling: Expertise in managing alcohol, tobacco, and more, ensuring full excise-duty suspension during storage and movement.
Hassle-Free Forwarding: Offering air, sea, truck, and rail freight solutions.
Secure Storage and Transport: With 24/7 CCTV, direct police alarms, and TAPA-TSR certified trucking, your goods are in safe hands.
Stay ahead of the curve with NG Terminal Ltd’s comprehensive support for your excise goods. From customs clearance to secure transport, we’re here to ensure your business thrives amidst these changes.
Ready to simplify your excise goods management? 📧 Contact us at ngtbd@ng-terminal.com for tailored solutions that fit your needs.
As members of the esteemed The Bonded Warehousekeepers Association (BWA) family, NG Terminal Ltd is keen to share with you a concise digest of the Spring Budget 2024, focusing on key updates relevant to our industry. We are sharing the summary crafted based on the valuable insights provided by the BWA, reflecting our commitment to staying informed and proactive.
🍷 Alcohol Duty Stamps Scheme on the Horizon: The Government plans to retire the Alcohol Duty Stamp Scheme, ushering in a new era for the handling of spirits, wines, and other fermented products. A digital solution is promised to simplify the duty processes, making compliance smoother until the scheme’s official closure. Learn more: https://lnkd.in/eUd4GdVj
💨 The Introduction of Vaping Products Duty: With a vision for October 2026, a new duty aims to regulate vaping products to discourage use among youth and non-smokers. This move, coupled with an increase in tobacco duty, seeks to balance public health interests with financial incentives for quitting smoking. A consultation period is now open, inviting contributions from all sectors. Learn more: https://lnkd.in/exKDDifW
How Can NG Terminal Ltd Help?
At NG Terminal Ltd, we understand the complexities these changes bring. Our Excise Goods Handling service is designed to navigate the evolving landscape seamlessly. Whether you deal with alcohol, tobacco, or are gearing up for the new vaping products duty, we’ve got you covered:
Permitted Excise Goods Handling: Expertise in managing alcohol, tobacco, and more, ensuring full excise-duty suspension during storage and movement.
Hassle-Free Forwarding: Offering air, sea, truck, and rail freight solutions.
Secure Storage and Transport: With 24/7 CCTV, direct police alarms, and TAPA-TSR certified trucking, your goods are in safe hands.
Stay ahead of the curve with NG Terminal Ltd’s comprehensive support for your excise goods. From customs clearance to secure transport, we’re here to ensure your business thrives amidst these changes.
Ready to simplify your excise goods management? 📧 Contact us at ngtbd@ng-terminal.com for tailored solutions that fit your needs.
A heartfelt thank you to the The Bonded Warehousekeepers Association (BWA) for their guidance and detailed updates on these crucial developments.
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