FTSE 350 Review 2018 

FTSE 350: Beverage companies come to terms with sugar tax

FTSE 350: Beverage companies come to terms with sugar tax

UK-listed beverage companies spent a good part of 2017 dealing with the upcoming sugar tax. From April 2018, drinks with more than five grams of sugar per 100ml will incur an 18p per litre levy, rising to 24p per litre for those with more than eight grams per 100ml. The major drinks makers have been busy reformulating their products so that they are exempt from the tax. The timing of the sugar tax is somewhat ironic, as the recent removal of EU quotas could make the sweet stuff cheaper just as those companies that use it as an ingredient are cutting back.

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