Soft Drinks: Taxation

HM Treasury written question – answered on 23rd May 2016.

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Photo of Ian Paisley Jnr Ian Paisley Jnr Shadow DUP Spokesperson (Energy and Climate Change), Shadow DUP Spokesperson (Communities and Local Government), Shadow DUP Spokesperson (Culture, Media and Sport)

To ask Mr Chancellor of the Exchequer, if he will estimate the potential effect of the introduction of the soft drinks industry levy on the cost of the average weekly shop in real terms in each year to 2018-19.

Photo of Damian Hinds Damian Hinds The Exchequer Secretary

The tax rates for the Soft Drinks Industry Levy have not yet been set. The levy has been designed to encourage producers to reformulate their overall product mixes, and it is up to the industry how they respond to it. For example, if producers reformulate, they will pay less.

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