The UK introduced its plastic packaging tax (PPT) with effect from 1 April 2022. Its aim is to encourage the use of recycled plastic instead of new plastic within packaging. It applies to plastic packaging manufactured in or imported into the UK which does not contain at least 30% recycled plastic by weight. The rate of tax increased from 1 April 2023 to £210.82 per tonne of plastic packaging. Businesses have had to work out processes to meet PPT compliance obligations in a timely manner. One year on, this article looks at key learnings and explores what related developments are on the horizon.
Source Deloitte
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