The introduction of the Plastic Packaging Tax is now only months away and HMRC has updated information around registering for the tax for those businesses who need to prepare for April 2022.
The Plastic Packaging Tax is a new tax that will be introduced on 1st April 2022. It is designed to encourage the use of more recycled plastic and will apply to plastic packaging produced in, or imported into, the UK and that does not contain at least 30% recycled plastic.
The Plastic Packaging Tax will apply to businesses that manufacture or import plastic packaging components or import packaged goods into the UK. The UK government has estimated that it will affect around 20,000 packaging producers and importers. The rate of the Plastic Packaging Tax will be set at £200 per tonne of plastic packaging placed onto the UK market.