Draft Plastic Packaging Tax Regulations – April 2022

HMRC has this week published DRAFT Legislation that will be introduced to establish a Plastic Packaging Tax, starting April 2022. The government has now published a draft of the legislation for technical consultation which sets out the key features of the tax, including:

• the £200 per tonne tax rate for packaging with less than 30% recycled plastic
• the registration threshold of 10 tonnes of plastic packaging produced in or imported into the UK per annum
• the scope of the tax by definition of the type of taxable product and recycled content
• the exemption for producers and importers of small quantities of plastic packaging
• who will be liable to pay the tax and need to register with HMRC
• how the tax will be collected, recovered and enforced
• how the tax will be relieved on exports

For further details on how the Legislation may impact your business, please get in touch or email info@co2compliance.co.uk

Full Details can be found by clicking here