“There are specific steps that businesses need to take to prepare for the tax, such as checking existing records, ensuring they can accurately verify the source and composition of the plastic packaging and considering, if it is possible, to switch to alternatives. “You may be charged significa...
LONDON (ICIS)—The UK government will support the use of mass balance for chemical recycling under the UK plastic packaging tax using a fuel-exempt accounting approach at site-level, it published in aconsultation responselate on Wednesday. The ori...
How much is plastic waste recycled in the United Kingdom? After a rapid growth since 2012, the UK's plastic recycling rate has plateaued in recent years.
“The UK’s Plastic Packaging Tax is the right way to start getting businesses to push sustainability up the agenda, but it needs to go further,” commented Gavin Graveson, Veolia Northern Europe Zone Senior Executive Vice President. “A tax escalator would make choosing to incorporate re...
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until April 2024, all the necessary data must be collected for 2024. This is due to the fact that the first annual report for 2024 must be submitted on 15 May 2025. Dr Björn Enders and the Germany indirect tax team will be happy to assist with any of the issues raised in th...
Image:Volunteers collecting plastic on the beach That's an average of one bag on every 100m of beach surveyed - down from five per 100m in 2014. Wales was the first UK nation to bring in a levy on plastic bags in 2011. England was the last to introduce the 5p levy in 20...
The optimal common tax should equal a weighted average of the marginal environmental damage of the two bag types and would be lower than the Pigouvian tax on plastics if the marginal external cost of plastic bags exceeds that for paper bags. The empirical analysis shows that for default ...
Plastic Packaging Tax - important changes The Plastic Packaging Tax was introduced in April 2022 applying to all plastic packaging components produced or imported into the UK that do not contain at least 30% recycled content. We’ve written a number of articles over the last 12 months ...
but are careful not to alienate those who do. By apparently taking a stand against the threat of plastic, they earn valuable public relations coverage, diverting public ire from their offshore tax structures, inequitable supply chains, unfair labor practices or aggressive corporate cultures; but by...