The New Sugar Tax
Are your Vending Machines ready?
The new sugar tax on the soft drinks industry was widely greeted with surprise when the chancellor announced it in his Budget, but here at Servicevend NW we had been hearing talk of the new levy for some time and so have ensured that our equipment has been designed to sell items which do not attract the sugar tax.
Why has the tax been introduced?
The new sugar tax has been hailed by campaigners as a significant step in the fight against child obesity, being as it is aimed squarely at high-sugar drinks, particularly fizzy drinks, which are popular among teenagers.
There are two bands - one for total sugar content above 5g per 100 millilitres and a second, higher band for the most sugary drinks with more than 8g per 100 millilitres. Analysis by the Office for Budgetary Responsibility suggests that the tax will be levied at 18p and 24p per litre. Pure fruit juices and milk-based drinks will be excluded.
The tax will be imposed on companies according to the volume of the sugar-sweetened drinks they produce or import with the smallest producers having an exemption. Examples of drinks which would currently fall under the higher rate of the sugar tax include Coca-Cola, Pepsi, Lucozade and Irn-Bru and at the lower rate: Dr Pepper, Fanta, Sprite, tonic water and shandy.
The most high-profile supporter has been TV chef Jamie Oliver, who has introduced a sugar levy in his restaurants. He set up an e-petition that saw more than 150,000 people backing a tax. NHS England chief executive Simon Stevens has also spoken out in favour of a tax and has announced the health service will be introducing its own "tax" in hospitals.
For more information please contact us.