What is the sugar tax?
The sugar tax was announced by Chancellor Philip Hammond in his budget statement in 2017. The money from the tax will go to the Department for Education and has been put in place to help prevent the sugar intake in peoples diets.
The new levy is being put on drinks companies, who will be taxed according to how much sugar is in their beverages.
Two categories of taxation are set to come into force.
One relates to the total sugar content on drinks with more than 5g per 100ml, while a higher levy is imposed on drinks with 8g per 100ml or more.
What do you need to do
The Soft Drinks Tax is a levy on soft drinks that have added sugar. The soft drinks tax comes in to force in April 2018. There will be no tax on products under 5g of sugar per 100ml. Please see the chart below.
Soft Drinks Tax Rates
The levy is applied to the producer of soft drinks.It also affects imported products.
Soft drinks not included are, No added sugar drinks or Milk Shakes with a minimum of 75% milk.
Story By: NFFF
Date : 06-04-2018