Statistics reveal 'sugar tax' has generated £153 million for HMRC

21 Nov 2018

Data has revealed that the Soft Drinks Industry Levy generated £153.8 million for HMRC in the year-to-date, up to the end of October.

First announced in the 2016 Budget, the Levy came into effect from April 2018. It was introduced as part of a package of measures designed to combat childhood obesity.

The Soft Drinks Industry Levy applies to the packaging and importation of soft drinks containing added sugar.

According to HMRC, there are currently 457 traders registered for the Levy. Traders pay one of two rates: either the 'standard rate' of 18p per litre, which applies to drinks with sugar content between five grams and up to (but not including) eight grams per 100ml, or the 'higher rate' of 24p per litre, which applies to drinks with sugar content equal to or greater than eight grams per 100ml.

Commenting on the data, Robert Jenrick, Exchequer Secretary to the Treasury, said: '[The] figures show the positive impact the soft drinks levy is having by raising millions of pounds for sports facilities and healthier eating in schools, as well as encouraging manufacturers to cut sugar in over half the drinks found in UK stores.'

Home | Contact us | Accessibility | Disclaimer | GDPR (including Standard Terms of Business) | Help | Site map |

© 2024 BPU Accountants. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


BPU Chartered Accountants is the trading name of BPU Ltd Company number 3723948 registered in Wales. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

BPU Financial Solutions Ltd is an Appointed Representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority. ValidPath Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference 197107.

BPU Accountants, Radnor House, Greenwood Close, Cardiff Gate Business Park, Cardiff CF23 8AA
BPU Accountants, The Counting House, Pound Field, Llantwit Major, Vale of Glamorgan CF61 1DL