The United Kingdom (UK) tax authorities, Her Majesty’s Revenue and Customs (HMRC) have updated their published Guidance for businesses that must account for the Plastic Packaging Tax (PPT). Specifically, the section “Plan for changes to invoices” has been updated.
For businesses that are responsible for accounting for the tax as the manufacturer or importer of plastic packaging (including businesses that import packaging that already contains goods), the requirement to include a statement with the invoice that the tax has been paid, which was due to commence in April 2022, will be delayed. However, businesses are encouraged to make the PPT that they have paid visible to their business customers, and work with them to try and increase the amount of recycled plastic used wherever possible.
Also, HMRC states that further information about this requirement will be published in due course and that it will give businesses time to prepare and make any required changes to their systems.
Source EY
