To ask the Chancellor of the Exchequer, how much revenue has been generated by the Soft Drinks Industry Levy in the last three years; and how much of that revenue has been provided to Northern Ireland through Barnett consequentials.
18 May 2021
Since its introduction in April 2018, the provisional total for revenue raised from the Soft Drinks Industry Levy up to and including March 2021 is £878 million. This consists of the following amounts raised per financial year:
2018-19: £240 million
2019-20: £337 million
2020-21 (provisional): £301 million
Funding for the devolved administrations through the Barnett formula is based on UK Government spending rather than revenues. A breakdown of the Northern Ireland Executive’s funding, including Barnett consequentials, can be found in the Block Grant Transparency publication.