"Wet tax" refers to Australia's Wine Equalisation Tax (WET), a 29% tax on the wholesale value of wine, cider, mead, and sake, applied in addition to GST to producers, importers, and wholesalers, designed to be paid on the last wholesale sale but with provisions for direct sales, and includes a producer rebate for smaller domestic wineries.
Wine equalisation tax (WET) applies to wine manufacturers, wholesalers, and importers. WET is a tax of 29% of the wholesale value of wine. It is only payable if you are registered or required to be registered for GST.
WET is calculated on the taxable value of assessable dealings such as sales, imports and applications to own use. WET is 29% of the taxable value of 'assessable dealings', such as sales, imports and own use of wine.
'Wet' is the cost of booze (or similarly taxed drinks) minus tax, 'Food and drink' is food and non-alcholic drinks minus tax. Then follows your tax breakdown if needed for expenses or tax purposes.
A red, say, of 13.5% will have a rate of £3.10 plus VAT come 1 February 2026, a rise of just under 40% in 30 months. Today, a 13.5% wine for £9 includes 50% UK tax (£1.50 VAT and £2.99 duty). One at 14.5% will see almost a 50% duty increase in that same timeframe, up from £2.23 to £3.33 duty per bottle plus VAT.
The changing affordability of alcohol is directly linked to increases or decreases in consumption rates and harm. The UK is a comparatively rich country, even in European terms. Therefore, in order to control alcohol consumption and avoid increases in harm, the UK should have comparatively higher duty rates.
Generally, one liter per person may be entered into the U.S. duty-free by travelers who are 21 or older. Additional quantities may be entered, although they will be subject to duty and IRS taxes.
The sugar tax applies to pre-packaged soft drinks with added sugar. It already applies to most sugary and fizzy soft drinks sold in cans, bottles and cartons in supermarkets. It will now also apply to pre-packaged milk-based drinks with added sugar such as bottled milkshakes and coffee drinks.
Wine Equalisation Tax (WET) is a tax on wine levied at 29%. The tax is paid on the value of the wine at the last wholesale sale, or an equivalent value when there is no wholesale sale (e.g. tastings). WET affects wine producers, wholesalers and importers.
For 2025, the federal income tax rates (10%-37%) remain the same, but the IRS increased the income thresholds for each bracket by about 2.8% due to inflation, meaning you need to earn more to reach a higher bracket compared to 2024, with higher standard deductions also in effect. For example, the 37% top bracket for single filers starts at $626,350 in 2025, up from $609,351 in 2024, while the 10% bracket goes up to $11,925 in 2025, notes MoneyLion and USA Today.
In the world of wine, “dry” means “not sweet,” that it contains no (or very little) residual sugar. The opposite of “dry” is “sweet.” Unless someone has freeze-dried some wine into powder or “pop rocks,” all wine is liquid and thus “wet.”
In a wet-funded mortgage, the borrower receives money when their loan is approved. The borrower may then purchase the property and complete the other required documentation to officially transfer the property title. After funds transferunds, the bank will obtain the loan documentation for review.
Beer and spirits are taxed on their alcohol content – at more than a dozen different rates – while wine is taxed at a flat 29% of the wholesale price. This means less tax is paid on cheaper wine. The definition of “wine” includes fruit and vegetable wine, cider, sake and mead.
700 - If you have heard this number get called out and someone comes to your service, feel flattered! A 700 bar call means that an attractive customer requires attention.
“In the '30s and '40s, there were numerical codes used in diners,” said Jesse Sheidlower, an adjunct professor at Columbia University whose specialty is slang. “Eighty-one is a glass of water, 82 is two glasses of water, 89 is a pretty girl, and 86 means you're out of something.”
Eighty-six or 86 is American English slang, generally meaning to "get rid of" someone or something. In the hospitality industry, it is used to indicate that an item is no longer available, traditionally from a food or drinks establishment, or referring to a person or people who are not welcome on the premises.
To get 25% off at Toby Carvery, sign up for their free Carvery Club via their website or app to receive a welcome voucher for 25% off food, valid Monday to Saturday for up to six people, or check for other offers like Student Beans or Blue Light Card discounts (often 20%) if eligible.
For safety, don't reheat food stored longer than two days or left out at room temperature over two hours. Starchy foods like rice need extra care since bacteria can survive if not heated properly. Always fully defrost frozen leftovers before reheating and eat them within 24 hours.
People often ask, “is 2 units over the limit” - but the legal drink driving limit cannot be converted into a set number of units. A general guide is that two pints of regular-strength lager or two small glasses of wine would be likely to put you over the alcohol reading limit.
Can you take an unopened bottle of wine on a plane?
You may bring wine, champagne or beer on a flight as long as it is in an unopened container. You are not allowed to consume your own alcohol while on board.
In India, passengers on domestic flights can carry a maximum of five litres of liquor in their checked baggage. The advised alcohol content per bottle should be between 24% and 70% alcohol by volume (ABV), covering most standard wines and spirits.
