- Plastic Packaging Tax rate increases to £223.69 per tonne from 1 April 2025
- Businesses need to update reporting software for accurate tax collection
- PPT introduced on 1 April 2022 with annual rate increases
- Tax applies to UK manufacturers and importers of plastic packaging
- Two main tax categories: Supply Chain Packaging and Consumer Single-Use Packaging
- Multi-component packaging requires separate tax calculations
- Packaging with 30 percent or more recycled plastic is exempt
- Businesses must register if they manufacture or import 10+ tonnes of plastic packaging
- Essential records include manufacturing and import records, weight breakdowns, and export weights
- Compliance requires registration, regular returns, and documentation of recycled content
- Businesses should review product portfolios, assess registration needs, and establish data systems
Source: deeksvat.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.
