Once more for those struggling to keep.uo with the complexities of the changes to Small Brewers Relief; there are multiple aspects to this.

The first is the lowering of the threshold at which relief tapers off.
This means that smaller breweries will start losing relief.

/1

The second is extended relief during merger and acquisition periods.
This means that if a larger brewery buys out a smaller one, they can still claim a proportion of relief for a number of years.

/2

The third is not including exports in production that relief is based on.
This means that a brewery can sell large volumes abroad, but still claim relief for a smaller domestic market.

/3

Part 1 will mean that the overall cost to produce beer will increase for small breweries, and decrease for medium ones.
Part 2 will mean that medium to large breweries buying up smaller ones to increase portfolios or strengthen their craft offering will be getting a...

/4

...tax break to do so.
Part 3 will mean that medium to larger breweries can increase their economies of scale, allowing them to produce beer even cheaper than smaller breweries.

/5

These things together mean that every single brewery will be affected by the changes to SBR, regardless of their size.

The effects on the market and profit share by the medium to larger breweries will have a direct impact on the smaller ones.

/fin