- Introduction of Mass Balance Approach: The policy introduces a mass balance approach (MBA) for accounting chemically recycled plastics in the Plastic Packaging Tax (PPT) starting April 2027, while removing pre-consumer plastic as a valid source of recycled content to enhance recycling efforts and maintain environmental integrity.
- Policy Objectives and Impacts: The MBA aims to incentivize the use of chemically recycled plastic by allowing businesses to claim exemption from PPT if their packaging contains at least 30% recycled content, thereby supporting innovation in the UK plastics sector and promoting a circular economy.
- Implementation and Compliance: Businesses wishing to benefit from the MBA must obtain certification demonstrating compliance with new standards, while the removal of pre-consumer waste from recycled content calculations is expected to shift focus towards recycling post-consumer waste, fostering higher quality recycling and environmental outcomes.
Source gov.uk
Latest Posts in "United Kingdom"
- Economic Reality Prevails Over Contractual Form in VAT Dispute with HMRC
- HMRC Policy paper Revenue and Customs Brief 1 (2026): Removal of linked goods concession
- UK Reduces Late Payment and Repayment Interest Rates
- New VAT-Free Law to Boost Charity Goods Donations and Cut Beauty Industry Waste
- Care Home Carers Not Registered: VAT Exemption Denied for Truth Recruitment Ltd, Appeal Dismissed
