The new sugar tax

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The new sugar tax on soft drinks has raised £153.8m since it was introduced.  While initial forecasts estimated the sugar tax would raise around £520m a year, manufacturers have reduced the amount of sugar they use to avoid the levy – one of the government’s intended goals. The new tax is applied to soft drinks with a certain amount of sugar per litre.The income will be used to tackle childhood obesity and to fund physical education activities and breakfast clubs in schools.

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Accountant

Chartered Certified Accountant with qualifications in Environmental Conservation. Specialising in Supporting sustainable business, social enterprise and charities.