Iain Stewart – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Iain Stewart on 2016-04-12.

To ask Mr Chancellor of the Exchequer, what amount of corporation tax was paid by soft drinks manufacturers in the latest financial year for which figures are available.

Mr David Gauke

Corporation Tax payable for accounting periods ending in the financial year 2013-14 for companies manufacturing soft drinks, and producing mineral water is estimated to be about £70 million. This estimate is based on those classified under the Standard Industrial Classification (SIC) 2007 code 11070 (Manufacture of soft drinks; production of mineral waters and other bottled waters) plus those manufacturing soft drinks who are classified elsewhere. This is the latest year available.