Sugar Tax

The Soft Drinks Levy – or Sugar Tax

Key points:

  •   The levy is expected to raise £500k which will be put towards funding school sports .

Much touted in the press, there was no real surprise when the Chancellor announced the introduction of a soft drinks levy or ‘sugar tax’.  However, illustrating his concern by pointing out the average 5yr old consumes their own body weight in sugar was such an unexpected remark it  generated more amusement than it should.  Obesity is a serious concern and the evidence suggests that sugary drinks are the main source of sugars for children.

The new levy will be brought in in April 2018 to allow time for manufacturers to reformulate.  There will be two rates depending on the volume of sugar in the drink.  Smaller manufacturers will be excluded and the details are being consulted on.  

Get in touch

To find out more about how we can help you or your business, call us on 0808 144 5575 and speak to a member of our team. Alternatively use our contact form to send us a message or arrange a callback.

CALL 0808 144 5575

or

Contact Us

All content © 2015 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW