- Environmental taxes are increasing globally to drive sustainability and reduce plastic use
- Only 9% of plastic waste is recycled globally
- Countries are introducing bans and taxes on single-use plastics
- UK, Spain, Italy, and Germany have introduced Plastic Packaging Tax
- UK generated £276m in revenue from PPT in 2022-2023
- PPT applies to plastic packaging with less than 30% recycled plastic
- Businesses must register for PPT if they manufacture or import 10 or more metric tonnes of plastic packaging
- Exceptions to PPT include plastic packaging used in transport, aircraft, medicine, and non-packaging components
Source: mha.co.uk
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.
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