Section 54 | Small 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.