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STATUTORY INSTRUMENTS2018 No. 41
SOFT DRINKS INDUSTRY LEVY
The Soft Drinks Industry Levy Regulations 2018
Made15th January 2018Laid before the House of Commons
Coming into force 17th January 2018
6th
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How to fill out soft drinks industry levy
How to fill out soft drinks industry levy
01
To fill out the soft drinks industry levy, follow the steps below:
02
Gather all the necessary information about your company and the soft drinks you produce.
03
Determine the volume of total taxable drinks that fall within the levy scope.
04
Calculate the amount of tax due on each drink based on its sugar content.
05
Fill out the appropriate forms provided by the relevant tax authority.
06
Submit the completed forms and pay the required tax amount within the specified deadline.
07
Keep records of all transactions and declarations for future reference and auditing purposes.
Who needs soft drinks industry levy?
01
Soft drinks industry levy is needed by companies that produce and sell soft drinks that contain added sugar. This includes manufacturers, distributors, and retailers in the soft drinks industry. The levy aims to encourage the reduction of sugar content in drinks and promote healthier choices for consumers.
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What is soft drinks industry levy?
The soft drinks industry levy is a tax imposed on the production and import of soft drinks with added sugar.
Who is required to file soft drinks industry levy?
Businesses involved in the production or import of soft drinks with added sugar are required to file the soft drinks industry levy.
How to fill out soft drinks industry levy?
The soft drinks industry levy can be filled out online through the designated government portal with all required information.
What is the purpose of soft drinks industry levy?
The purpose of the soft drinks industry levy is to reduce consumption of sugary drinks and promote healthier choices.
What information must be reported on soft drinks industry levy?
Businesses must report the amount of soft drinks produced or imported, the sugar content, and other relevant details.
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