HMRC has published further guidance with the aim of helping businesses prepare for the Plastic Packaging Tax (PPT) that will be in place from 1 April 2022.
PPT will be a tax on packaging that contains less than 30% chemically or mechanically recycled plastic, and will also be chargeable for bioplastics, biodegradable, compostable and oxo-degradable plastics.
All businesses that manufacture or import 10 or more tonnes of plastic packaging over a 12-month period must register for PPT, even if their packaging contains the set amount of recycled plastic or is exempt from the tax for other reasons. The report provides details on which businesses need to notify their liability to register by 30 April 2022, and more information on how to do this will be made available later in the year.
Source Packaging Europe
