Part 2Alcohol Duty
Chapter 3Small producer relief
Main provisions
I1I254Small producer relief: discounted rates
1
Alcohol duty is charged at the discounted rate on small producer alcoholic products produced in a particular production year (the “current year”).
2
The discounted rate, in relation to small producer alcoholic products, is equal to—
a
the standard rate, less
b
the duty discount for those products (determined in accordance with section 59 and Schedule 9).
3
In subsection (2)(a), the “standard rate”, in relation to alcoholic products, means—
a
the rate shown for products of that kind in Schedule 7, or
b
if Schedule 8 applies (and no election has been made under section 50(2)) in relation to the products) the rate shown for products of that kind in that Schedule.
4
For the purposes of this Chapter—
a
a “production year” is a period of 12 months beginning with 1 February;
b
the “previous year”, in relation to alcoholic products, is the production year immediately preceding the current year in relation to those products.