The ATO has released a webinarabout theExcise remission scheme for manufacturers of alcoholic beverages.

The webinar explains the main features of the scheme, how it’s administered, and answers some frequently asked questions.

The remission scheme came into effect from 1 July 2021. It provides eligible alcohol manufacturers with a full automatic remission of excise duty, up to a maximum of $350,000 per financial year, on alcoholic beverages they manufacture and enter into the Australian domestic market for home consumption.

More information about the scheme can be found here.

The webinar can be found here.