Sugar tax will leave soft drinks jobs and Treasury income with crashing low - City AM

The TPA has called on the government to abandon the levy on soft drinks, after its study calculated 5,624 jobs in the soft drinks industry and associated sectors such as hospitality will be lost, equivalent to £90,622,36 in average industry and related-sector pay.

If this bore out, it would lead to the Treasury receiving £17,399,370 less in job-related taxes, including £11,188,648 of employee's National Insurance contributions and Income Tax, as well as £6,210,723 of employer's National Insurance contributions. 

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Sugar tax will leave soft drinks jobs and Treasury income with crashing low - City AM
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July 11, 2016 at 6am - 9am

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