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Soft Drinks: Taxation

Question for HM Treasury

UIN 37319, tabled on 18 May 2016

To ask Mr Chancellor of the Exchequer, if he will estimate the potential effect of the introduction of the soft drinks industry levy on the cost of the average weekly shop in real terms in each year to 2018-19.

Answered on

23 May 2016

The tax rates for the Soft Drinks Industry Levy have not yet been set. The levy has been designed to encourage producers to reformulate their overall product mixes, and it is up to the industry how they respond to it. For example, if producers reformulate, they will pay less.

Answered by

Treasury