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Soft Drinks: Taxation

Question for Treasury

UIN 153956, tabled on 14 April 2022

To ask the Chancellor of the Exchequer, what recent assessment he has made of the impact of the Soft Drinks Industry Levy on the finances of affected companies.

Answered on

25 April 2022

Sales of soft drinks have increased since the Soft Drinks Industry Levy was introduced. “Sugar Reduction - Report on progress between 2015 and 2019” published by Public Health England, shows that there has been an increase in sales of all soft drinks included in the SDIL, but a reduction in the total sugar sales from those drinks of 35.4%, reflecting the shift in sales towards lower sugar drinks.

The impact on individual companies will vary depending on their product portfolios.

Answered by

Treasury