The Victorian Treasurer has recently approved new Guidelines for the payment of liquor subsidies to eligible Victorian liquor licensees. The Victorian liquor subsidy scheme enables Victorian wine producers to claim a subsidy on certain retail sales and applications to the use of their own product. It also provides a subsidy for the wholesale sale of low-alcohol wine. The scheme is administered by the State Revenue Office (SRO)
The new Guidelines do not make any major changes to the subsidy scheme.
The Guidelines reflect:
• Updated references to the Victorian liquor licences used to authorise the supply of a wine-maker's own product and to the amount payable by the Commonwealth under the producer's rebate on the Wine Equalisation Tax;
• The removal of the requirement for the value of the subsidy to be passed on to the consumer – subsidy recipients will now be required to include an acknowledgement, 'subsidised by the Victorian Government', on invoices.
The SRO is also producing a new subsidy Claim Form that can be completed and lodged online. The Guidelines and Claim Form are available online here.
Current recipients will receive a letter from the SRO notifying them of the changes of the Guidelines and Claim Form.