Sugar tax takes the sweetness out of soft drinks

Source: HM Treasury | | 11/04/2018

The new Soft Drinks Industry Levy came into effect with the start of the new tax year on 6 April 2018. The Levy commonly known as the 'sugar tax', has been put into effect to help combat the excess use of sugar especially by children.

Since the introduction of the sugar tax, many soft drink manufacturers have already reformulated their recipes to reduce the amount of sugar in soft drinks. Over 50% of manufacturers have already reduced the equivalent of 45 million kg of sugar per year from drinks.

However, soft drinks manufacturers who don’t reformulate will pay the levy, which is expected to raise £240 million each year. The money raised will be used to help schools upgrade their sports facilities and to provide healthy school breakfast clubs. The government has promised that even if revenue from the levy declines, funding for schools and children will stay the same.

Commenting on the launch the Public Health Minister, Steve Brine MP said:

'Our teenagers consume nearly a bathtub of sugary drinks each year on average, fuelling a worrying obesity trend in this country. The Soft Drinks Industry Levy is ground-breaking policy that will help to reduce sugar intake, whilst funding sports programmes and nutritious breakfast clubs for children.'



 

Latest News

Tax Diary May/June 2018
19/04/2018 - More...
1 May 2018 - Due date for corporation tax due for the year ended 30 July 2017. 19 May 2018 - PAYE and NIC deductions

Renewing tax credit claims
18/04/2018 - More...
Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2018.

How much does Class 4 NIC cost?
18/04/2018 - More...
There are currently two types of national insurance contributions (NICs) payable by most self-employed people. These are

Search News


Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login

» Cookie Policy

 

Social Media

twit-new