BDIA Update
Plastic packaging tax – are you ready? Adam Stanley looks into the new regulations companies need to be aware of.
From April 1, 2022, a new tax was introduced for manufacturers and importers of plastic packaging, the Plastic Packaging Tax (PPT). The PPT, which is intended to incentivise the use of recycled material in the production of plastic packaging, brings with it requirements for the whole of the supply chain, making it important for businesses to understand what their obligations will be. The PPT will be chargeable on plastic packaging where the plastic used in its manufacture contains less than 30 per cent recycled plastic. In cases where
30 per cent or more recycled plastic is used, no tax will be due however certain record keeping and reporting obligations may still apply to your business. In order to make it easier for its members to navigate the large volume of official guidance on the PPT, the BDIA has prepared a guidance summary and frequently asked questions document. The document provides a summary of the PPT and its requirements, signposting to official sources throughout and addressing some of the most commonly asked questions that we have received from member companies. Here are a few key points to think about: What you need to do
Adam Stanley is the policy and public affairs manager at the BDIA.
DentalInsider pg15-16 Plastic packaging tax – are you ready? (AS).indd 15
If you are a business that manufactures or imports 10 or more tonnes of plastic packaging (whether or not this plastic packaging is recycled) over a 12-month
period you will need to register for the tax. Plastic Packaging Tax will then be payable on eligible plastic packaging at a rate of £200 per metric tonne. Registration will be possible from April 1, 2022. In addition to plastics containing 30 per cent or more recycled content some other types of plastic packaging (such as that used in the immediate packaging of a medicinal product or permanently designated for use other than packaging) are exempt from the tax but may still need to be counted toward the 10-tonne threshold. This means that you may be required to register even if you have no tax liability. A number of different methods can be used to determine the weight of components, but whichever option you choose it will be important for you to keep records as evidence. HMRC has provided guidance on how to do this. Issue 1 2022
15
21/04/2022 10:06
