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Plastic Tax

New Plastic Tax | Advice on Plastic Tax | What is the new Plastic Tax
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New Plastic Tax

From 1st April 2022 a new plastic tax will come into force that will be chargeable at a rate of £200 per tonne.

For companies who manufacture or import plastic, it is vital to be familiar with the regulations so that the potential impact can be established and planned for.

The definition of plastic for the purposes of this new tax is, “a polymer material to which additives or substances may have been added and does not include cellulose-based polymers which have not been chemically modified” (Gov.uk)

Where plastic is composed of multiple materials, it will still be taxed if it contains more plastic by weight than any other component. Where packaging contains 30% or more recycled plastic it is not liable for the tax.

Under the new rules it will be important to keep detailed records to be able to demonstrate the composition of your packaging and the amount in order to monitor the 10-tonne limit for either plastic manufacture or import within any 12-month period.

The two types of plastic packaging that will be subject to the tax are those used in the supply chain such as food trays, film around raw meat and yoghurt pots and those that are intended for single use by the consumer such as carrier bags, gift wrapping components such as Sellotape and disposable tableware.

If you need any help understanding or planning for the changes, please call us on 01173 700 079 or e-mail hello@steppingstonesaccountancy.co.uk.

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