New guidance from HMRC provides an overview of the new plastic packaging tax which will take effect in April 2022. It covers the scope of the tax who is liable to register and pay along with other requirements.
The tax will apply to plastic packaging manufactured in or imported into the UK where the plastic used in its manufacture is less than 30% recycled. It will be charged at £200 per metric tonne of plastic packaging.
Businesses will need to keep records and in most cases register for the tax. The aim of the new charge is to encourage greater use of recycled plastic. Businesses can start to make changes to the packaging they manufacture or import so that they include at least 30% recycled plastic. However they will still need to keep records and may need to register.
HMRC plans to publish...
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