The Plastic Packaging Tax And What It Means For Your Business
If you are a manufacturer or importer of plastics, you are probably well aware of the governments new Plastic Packaging Tax (PPT) initiative, which came into play on the 1st April, 2022.
The new government legislation, which states that if you are expecting to produce or import 10 or more tonnes of plastic packaging within the next 30 days, or if you have manufactured or imported 10 tonnes or more since April 1st, 2022, which doesn’t contain at least 30% of recycled plastic, you will need to Register for PPT.
The aim of the tax is to provide an incentive for companies to use recycled plastics in manufacturing, creating a greater demand and in turn encouraging increased levels of recycling, which will divert plastic waste away from land fill sites or incineration.
It is estimated that the UK produces around 5 million tonnes of plastic waste per year, thought to reach 26 billion tonnes by 2050, half of all plastics produced are used in packaging, with 85% ending up in landfills or as unregulated waste, in turn having a negative and harmful impact on the environment.
For further information and guidance on registering for PPT you can visit https://www.gov.uk/government/collections/plastic-packaging-tax or contact your dedicated Customer Development Manager on 01375 856060 or email email@example.com to discuss.
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