Businesses need to pay the PPT if they have manufactured or imported plastic packaging components which contain less than 30% recycled plastic. PPT rate increase The tax came into force on 1 April 2022 and is charged at a rate of: £200 per tonne from 1 April 2022 £210.82 per tonne ...
Everything you need to know about the UK Plastics Packaging Tax In April 2022, the UK government implemented a new tax on plastic packaging that will impact millions of businesses. We explain what the new tax is, who it applies to, and how businesses should respond. The use of plastic ...
The UK's new tax on plastic packaging with less than 30% recycled material will provide "a clear economic incentive" for businesses to do more to help the environment, according to the government. Draft legislation published last week suggests the new tax, set for introduction in April 2022,...
“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...
The UK plastic tax is due to hit in April 2022. How will it affect your business? And how to beat it with leaner & greener packaging? Here's how ...
The original consultation on “Plastic Packaging Tax – chemical recycling and adoption of a mass balance approach” was conducted from 18 July-10 October 2023. “Chemical recycling can complement the use of mechanical recycling technologies by enabling ...
Some supporters of green packaging are bullish on the move, noting that the UK has imposed a 5 Penny plastic bag tax since 2015 and that the use of plastic bags has dropped by 80% so far. It can be seen that if this is used in plastic bags, it will have the same effect. ...
“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...
EY UK Global Trade Leader; UK Plastic Packaging Tax Partner Global Trade Partner. Advises multinational companies on improving their trade effectiveness. London, GBR Jeroen Scholten EY Global Trade Leader, Indirect Tax University lecturer. Podcast enthusiast. Global trade account leader across multiple se...
London declared a “war on plastics”, saying it planned to ban single-use plastic cutlery, plates, and polystyrene cups in England. As the legislation still has to clear parliament, the ban may not take effect until April 2023, about the same length of time it took the EU law to be ...