PLASTIC PACKAGING TAX

Plastic Packaging Tax

On 1st April 2022 the UK government has announced it is to introduce a new plastic packaging tax. So what is the plastic packaging tax and how will it affect me?

WHAT IS PLASTIC PACKAGING TAX?

The plastic packaging tax or PPT as it is shortened too is a tax imposed by the government on plastics manufacturers and importers of plastic products. The aim of the tax is to incentivise the use of recycled material in the production of plastic packaging.

DOES THE TAX APPLY TO ME?

If you import or manufacture over 10 tonnes of plastic products which does not contain 30% recycled material then, in a nutshell, yes the tax will apply to you.

WHAT WILL IT COST?

The cost of PPT will be £200 per tonne of material.

HOW WILL THIS AFFECT ME AS A CUSTOMER?

Unfortunately the cost of this tax will be passed down to the customer through an increase in prices. Plast-Equip have made the decision for complete transparency of this tax and will include this as a line item on quotations moving forward.

For more information or to discuss how this will affect you please contact us on 01603 339082 or hello@plast-equip.co.uk

This post was written and brought you by Plast-Equip.

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