The government has implemented a new Plastic Packaging Tax (PPT) starting 1 April 2022 for businesses in the UK or overseas that produce or import certain plastic packaging.
The businesses that will be affected by the new tax will be importers or producers of over 10 tonnes of plastic packaging per year and which materials do not contain at least 30% recycled plastic. It will not apply to plastic packaging if it contains at least 30% recycled plastic.
What can businesses do so that they don’t need to pay this new tax? Look into alternatives to replace plastic packaging that is less than 30% plastic. Nowadays there are many alternatives to plastic. The tax will also apply to consumers who buy plastic packaged goods.
We know that there is going to be an ongoing pressure on businesses in the coming years to try and adopt more environmentally friendly policies, whether they come from government mandated taxes or the simple pressure on businesses to show that they are taking environmental issues more serious. But is this too
much to ask for some small businesses that are already struggling from rising costs? What do you think?
For more information contact your local AIMS accountant. AIMS has been helping businesses
for nearly 30 years across the UK in different sectors and businesses of all sizes. If you haven’t joined us and are currently looking for an accountant, get in touch today.