Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Why that can of Coca Cola is about to cost you a lot more…

Soft Drink giant Coca Cola have announced that their classic drink will soon be downsizing. But why?

Back in March 2016, the then-Chancellor George Osborne announced the upcoming introduction of a sugar tax, with the primary motive being to tackle childhood obesity in the UK.

As of April 2018, soft drinks companies will have to pay:
  • 18p tax per litre for any drink containing more than 5g of sugar per 100ml
  • 24p tax per litre for any drink containing more than 8g of sugar per 100ml

Like many companies, Coca Cola has changed the recipes of many of its drinks – including Sprite, Fanta and Dr Pepper – to lessen the amount of sugar in them and avoid the levy.

However, they have chosen not to change the recipe of their Coca Cola Classic. Instead, its 1.75l bottles will shrink to 1.5l, but the price will go up by 20p in March. Low sugar versions of their cola, such as Coca-Cola Zero and Diet Coke, will not be affected.

The Government intend to spend the £520m a year raised by this tax towards primary school sports programmes.

Like most tax laws, this new sugar tax has been met with a mixed reception. Some see it as a positive step for the nation’s health. Others see it as utterly misguided.

What do you think of this new tax?

Is this the best way to combat childhood obesity? Tweet us at @dt_newsfeed and let us know your thoughts!

The post Why that can of Coca Cola is about to cost you a lot more… appeared first on dennisandturnbull.



This post first appeared on D&t Accountancy, please read the originial post: here

Share the post

Why that can of Coca Cola is about to cost you a lot more…

×

Subscribe to D&t Accountancy

Get updates delivered right to your inbox!

Thank you for your subscription

×