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UK Tax Bill shows there’s no need for a sugar rush


Less than a month after Finance Minister Pravin Gordhan delivered his 2016 budget speech, where he announced the proposed new tax on sugar sweetened beverages, his United Kingdom (UK) counterpart Chancellor George Osborne announced a similar initiative in the UK budget speech.
Although the UK's tax is only slated for April 2018, whereas South Africa's is due to come into force a full year earlier in April 2017, the UK government has already published the first draft of their new "Soft Drinks Industry Levy" on 5 December. This draft bill sets out the legislative changes to tax laws which the UK government plans to introduce in Finance Bill 2017.
The South Africa (SA) Treasury has indicated that it will only publish draft legislation in early 2017.