Plastic Packaging Tax update
The Spring Budget 2023 confirmed an increase to the rate of Plastic Packaging Tax (PPT) from 1 April
2023.
Where packaging falls within scope of the tax, the rate increases in line with the Consumer Price
Index, becoming £210.82 per tonne, rather than £200 per tonne. The new rate applies to packaging
manufactured in or imported into the UK after this date.
HMRC had previously announced an about-turn on rules for invoices where businesses are liable to the
tax. The original intention was a mandatory requirement for businesses liable to the PPT to state on
their invoices that PPT had been paid. Initially deferred, it has since been confirmed that it will not
now take effect. Whilst businesses are encouraged to give visibility to the PPT, invoice wording will
not be a legal requirement. HMRC suggests other ways in which the PPT can be highlighted. These include
giving information about the PPT on price lists, and sharing with customers how much PPT has been
charged.
Got a question?
Why not fill out our quick contact form below and a member of the team will respond shortly.
Receive our FREE monthly eNEWS, keeping you up to date with the latest news.
Registration on our website is quick and simple. On registration you will benefit from:
- Our FREE monthly eNEWS email newsletter which will keep you up to date with the latest news (this service is optional)
- On registration we'll email FREE resources to you with our compliments.
You only have to register once. You will be given a username and password that you can use at any time to log back into our website.
Register here