We are very happy to advise that the Australian Taxation Office has agreed to extend the safe harbour for excise remissions, previously enjoyed only by large brewers, to small brewers as well. In effect this will mean that, in certain circumstances, brewers will be able to claim a remission of excise duty without applying to the ATO and waiting for permission to dispose of stock.
This came about through our lobbying of the ATO and our membership of the Alcohol Stakeholders Group.
We have been told by the ATO that this will come into effect in March 2018. We will advise you further closer to the date.