However, as we delve deeper into the implications of this tax, it becomes apparent that while legislation is a crucial step, there's a need to address the challenges faced by businesses in sourcing recycled plastic. The PPT, introduced in April 2022, levies a ￡200 per tonne charge on ...
the UK government has now confirmed that the Plastic Packaging Tax will be set at a rate of £200 per tonne and will take effect from April 2022. The tax will apply to plastic packaging which has been manufactured in, or
As new measures to curb plastic pollution are introduced, tax teams can help steer companies away from risk and towards opportunity. Read more here.
Explore further: UK Plastic Tax Interactive Calculator > Download complimentary report > Recycled PET Recycled polyethylene terephthalate, better known as R-PET, is the most commonly recycled plastic. S&P Global Commodity Insights has been assessing recycled PET flakes since 2008 and has now closed the...
MPs demand that the UK should ban all plastic exports by 2027 to reduce the country’s contribution to global plastic waste pollution. The ban should be…
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...
In the United Kingdom, a fee on plastic bags has been canceled for online deliveries, and the UK ban on plastic straws, cotton buds, and stirrers has been postponed by half a year. Bans on SUPs have also been postponed in Canada and in South Australia. In Italy, a tax on virgin ...
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 ...
Pilot projects conducted in Europe highlighted that the main costs for recycling of CRD plastic waste were labor, transport, and road tax for containers in urban areas. The location and distance from the recycling facility are incredibly impactful; pressed plastics can reduce transport costs. Sorting...
A ban on single‑use plastic bags below a certain thickness has been announced by Bahrain’sMinistry of Industry, Commerce and Tourism (MOICT). Effective as of 19 September this year, this new legislation prohibits the import, production, distribution or sale of plastic bags of less than 35...