Headline statistics
The headlines for Plastic Packaging Tax (PPT) statistics are:
- PPT receipts collected by HM Revenue and Customs (HMRC) in the financial year 2022 to 2023 totalled £276 million
- as of 8 August 2023 there are 4,142 businesses registered to the PPT
- of the total plastic packaging manufactured in and imported into the UK 39% was declared as taxable under the PPT
- of the remaining 61% declared: 40% contained 30% or more recycled plastic, 21% was either exported, intended for export or converted and less than 1% was exempt because it was used for the immediate packaging of human medicines
- of the total plastic packaging declared 52% was manufactured in the UK and 48% was imported into the UK
Source gov.uk
Latest Posts in "United Kingdom"
- Supreme Court Rules Against VAT Recovery on Hotel La Tour’s Fundraising Share Sale Costs
- UK Supreme Court Rules VAT on Share Sale Fees Not Recoverable for Business Funding
- UK Eases VAT Grouping Rules to Attract Foreign Investment and Simplify Cross-Border Compliance
- Tribunal Rules Bespoke Autobiography Books by Story Terrace Qualify for VAT Zero-Rating
- Full VAT Recovery Allowed on Product Photography Costs in Littlewoods v HMRC Tribunal Decision
