Soft Drinks: Taxation

HM Treasury written question – answered on 6th June 2016.

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Photo of Jacob Rees-Mogg Jacob Rees-Mogg Conservative, North East Somerset

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the soft drinks industry levy on levels of employment; and if he will make a statement.

Photo of Damian Hinds Damian Hinds The Exchequer Secretary

The government will shortly be consulting on the detail of the soft drinks industry levy, and we will publish an initial impact assessment alongside the consultation. This assessment will be updated and refined when the policy detail is finalised.

For Finance Bill measures, HMRC provide a Tax Impact Information Note alongside the draft Finance Bill legislation, which we expect to publish in the winter.

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