- The UK Plastic Packaging tax was introduced in April 2022 as part of the country’s Green taxation plan.
- The tax rate will increase from GBP 200 to GBP 217.85 per tonne by April 2024.
- The tax applies to companies that manufacture or import 10 tonnes or more of plastic packaging over a 12-month period.
- If 30% or more of the plastic packaging used is recycled, it is not subject to the tax.
- Non-established businesses are also subject to the tax.
- The tax applies to plastic packaging used in the supply chain and by end consumers.
- Certain types of plastic packaging, such as packaging for licensed human medicine and transport packaging, are exempt from the tax.
- Businesses must register for the tax within 30 days of exceeding the 10-tonne limit.
- Tax returns must be submitted quarterly, with the deadline being the last working day of the month following the reporting period.
- The return must include information on the weight of chargeable plastic packaging, exempt packaging, and the tax due.
- Penalties and interest may be applied for late or missing tax returns.
Source: marosavat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
