HMRC has published the Soft Drinks Industry Levy Regulations, SI 2018/41, setting out the detailed scope of the levy being introduced from April 2018, including exemptions, registration requirements, returns and record keeping. HMRC consulted between October and December 2017 on a draft version of the regulations, which resulted in a small number of drafting changes.
The online registration tool is now available via HMRC’s guidance at http://bit.ly/2ysPLOS.
HMRC has also published a report on research commissioned during autumn 2016 among small producers and importers of soft drinks, mainly to inform the criteria for exemptions from the levy. The research involved 50 interviews (36 with producers and 14 with importers).
Soft drink production amongst the businesses interviewed varied markedly, ranging from 100 litres annually to the largest producing tens of millions of litres. Importers estimated import volumes ranging from 50,000 litres through to 1.5m litres annually. See http://bit.ly/2n7nll0.
HMRC has published the Soft Drinks Industry Levy Regulations, SI 2018/41, setting out the detailed scope of the levy being introduced from April 2018, including exemptions, registration requirements, returns and record keeping. HMRC consulted between October and December 2017 on a draft version of the regulations, which resulted in a small number of drafting changes.
The online registration tool is now available via HMRC’s guidance at http://bit.ly/2ysPLOS.
HMRC has also published a report on research commissioned during autumn 2016 among small producers and importers of soft drinks, mainly to inform the criteria for exemptions from the levy. The research involved 50 interviews (36 with producers and 14 with importers).
Soft drink production amongst the businesses interviewed varied markedly, ranging from 100 litres annually to the largest producing tens of millions of litres. Importers estimated import volumes ranging from 50,000 litres through to 1.5m litres annually. See http://bit.ly/2n7nll0.
