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PLASTIC PACKAGING TAX
From the 1st April 2022 the Government will be introducing the Plastic Packaging Tax (PPT) which is a brand new tax on plastic packaging that will start to have affect on our industry.
The official UK government guidance is here:
It will impact anyone who imports goods that are packaged in plastic that is not 30% recycled. They'll be charged £200 a tonne (or part thereof) for this packaging to cover waste disposal and encourage use of recycled plastic. If you import less than 10 tonnes of plastic packaging in a 12 month period you are exempt.
There are forms that need to be completed by any business that will be affected to help them get ready:
https://www.gov.uk/government/publications/get-your-business-ready-for-the-plastic-packaging-tax
This is a fairly simple breakdown of the changes:
https://www.rossmartin.co.uk/tax-guides/4165-plastic-packaging-tax
If you have any questions about the new Plastic Packaging Tax then please get in touch with The Giftware Association and we can point you in the right direction.