Government set to implement 'plastic packaging tax' in 2022

25 Jul 2019

The government is set to introduce its so-called 'plastic packaging tax' in 2022.

According to the government, plastic packaging accounts for 44% of the plastic used in the UK. The UK generates over 2 million tonnes of plastic packaging each year.

First announced in the 2018 Autumn Budget, the tax will affect plastic packaging with less than 30% recycled content, and will take effect from April 2022. The tax will be UK-wide.

In February 2019, the government launched a consultation on the design of the tax, and how best to implement it without causing 'administrative disruption'. It has now published a summary of responses to the consultation, and intends to set out detailed proposals on the matter at Budget 2019.

Commenting on the plastic packaging tax, the government stated: 'The tax will be set at a rate that provides a clear economic incentive for businesses to use recycled material in the production of plastic packaging, which will create greater demand for this material and in turn stimulate increased levels of recycling and collection of plastic waste, diverting it away from landfill or incineration.'

The summary of responses to the consultation can be found here.

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2024 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited, 52-56 Leadenhall Street, London, EC3A 2EB (Policy Number: 44402654). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.