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- 20%VAT on alcoholic drinks is calculated based on the price and alcohol content of the beverage1. The basic formula for determining VAT is: VAT = (price of the alcohol/price of the product) x 20%1. Both alcoholic beverages and eligible soft drinks have the same VAT rate of 20%, but alcohol is also subject to excise duty2. For example, the price of a one-liter bottle of spirits (with a strength of 40%) reflects the pre-tax price plus £11.50 of duty plus 20% VAT on both the pre-tax price and the duty3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The VAT on alcoholic beverages is calculated based on the price and alcohol content of the beverage. The basic formula for determining VAT is: VAT = (price of the alcohol/price of the product) x 20% For example, if a bottle of wine costs £10 and the alcohol content is 13%, the VAT on the wine would be: VAT = (13/100) x 10 = £1.30www.accountingfirms.co.uk/blog/is-vat-chargeable …Both alcoholic beverages and eligible soft drinks have the same VAT rate of 20%, but alcohol is also subject to excise duty (keep reading to hear more.) When it comes to alcohol and VAT there’s a difference between beverages that contain booze, and food that contains booze.blog.pleo.io/en/vat-on-drinksVAT is applied after alcohol duty, so, for example, the price of a one litre bottle of spirits (with a strength of 40 per cent) currently reflects the pre-tax price plus £11.50 of duty plus 20 per cent VAT on both the pre-tax price and the duty.commonslibrary.parliament.uk/research-briefings/s…
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