Plastic Packaging Tax setback: level of recycled plastic in the system actually goes down

by | Aug 21, 2023 | Business, News, Product News, Products, Sustainability | 0 comments

Plastic Packaging Tax setbacks

Following the release of the HMRC statistics on the Plastic Packaging Tax (released 17 August), Andrew Thurston, Customs Duty & Indirect Tax Consultant at MHA, says while it is too early to really say whether the tax is proving effective, early analysis suggests it is failing to increase the level of recycled plastic:

“Analysis of the figures provided by HMRC confirms there is one very interesting statistic not included in the headline statistics. This relates to the percentage of packaging declared that has more than 30% recycled content.

“Apart from a sudden increase between Q1 and Q2, the percentage of the total amount of plastic packaging produced or imported that included +30% recycled content actually decreased slightly (44% to 42.6%).*

“This will be a concern to the UK Government as the intention for this tax was to change business attitudes to plastic packaging and to reduce the levels of virgin plastic in the supply chain. If this does not change then it is likely that the government will increase the tax to speed up a change in behaviour.

“Although these statistics provide a good overview of the impact of the new tax and the revenue generated, it will require another year’s data to see if the tax is making a positive impact on the reduction of virgin plastic in UK supply chains.”

Plastic Packaging Tax setback
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Print Friendly
  • reddit
  • LinkedIn

more latest news ➡

Winners of the PetQuip 2023 Awards announced

PetQuip Awards 2023 winners announced

Last night’s PetQuip Awards hosted a record number of guests as the pet industry convened to recognise excellence and celebrate achievement. Held alongside and in association with PATS Telford, the PetQuip Awards cover Supplier, Retailer, Product, Export and...

Laylocks expansion underway

Expansion work at Laylocks Garden Centre is underway

Work is underway at the expansion at Laylocks Garden Centre in Cotheridge near Worcester. The aim is to open the new development in March 2024.  Hannah Warr, a director at the centre, said: "We are excited. Everyone has been telling us they are excited by the new...

12,000 lost apprenticeship positions in retail

12,000 lost apprenticeship places in retail

Retailers could have offered 12,000 more apprenticeships over the past year if it was not for the Government’s failure to reform the Apprenticeship Levy, according to a survey by the British Retail Consortium (BRC). The industry took on approximately 17,000...

GIMA awards 2023

Just four weeks until the GIMA Awards 2023

The garden retail sector is abuzz as the GIMA Awards are set to return in just four weeks!  Taking place at the Celtic Manor resort in Newport, South Wales, the event will once again be a hotbed of celebration and networking, with 17 coveted awards up for grabs. ...

Read GCR's latest edition!

Subscribe ToThe Wednesday Word

Subscribe To
The Wednesday Word


Get all the latest news, events & more straight to your inbox every Wednesday.

You have Successfully Subscribed!

Pin It on Pinterest

Share This