Soft Drinks: Taxation
(asked on 19th January 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the revenue raised from the soft drinks industry levy is ringfenced for use by the Department for Education.
This question was answered on 24th January 2022
The Soft Drinks Industry Levy (SDIL) is not formally linked to any individual spending programme.
However, the Government will continue to invest in supporting public health and tackling obesity. This includes over £200m a year to continue the Holiday Activities and Food programme, announced at Spending Review 2021, and the £320 million per year Physical Education (PE) and Sport Premium.
The money allocated to these causes exceeds the revenue raised by the SDIL.