Inheritance tax or more wine?

glass of wineDid you know that in 2008/09 the Government collected pretty well the same amount of tax from duty on wine as it did from Inheritance tax?

That’s not beer, spirits etc. Just the duty on wine.

And of course there’s VAT on wine as well which goes into the VAT figures so they actually collect a lot more tax on wine than on IHT.

Which got me thinking.

If we all slightly increased our wine intake they could abolish IHT without thinking about it.

Not that I’m suggesting we all turn into alcoholics but somehow the duty on wine seems less painful and less political than IHT

Cheers!

Margaret

css.php