Is your business ready for the UK Plastic Packaging Tax?
This entry was posted on May 7, 2022.
You may think that your business is exempt from the new plastic law that came into effect on April 1st, but how can you be sure?
If you are a manufacturer or importer of more than 10 tonnes of plastic packaging in a twelve month period then you must register with HMRC.
As a result, you will need to pay a tax rate of £200 per tonne of plastic packaging which has been made with less than 30% recycled materials.
According to a recent report in Circular, over three-quarters of businesses that use plastic packaging are unprepared for the Plastic Packaging Tax.
How do you know if you are liable?
If you use plastic packaging you should carry out due diligence checks to ensure that either the products you are using are exempt from the new tax or that the businesses you are working with have registered with HMRC and are paying what they should be.
Failure to do these checks could mean your business will be held jointly liable for any unpaid Plastic Packaging Tax.
You can find out more about due diligence checks here: https://www.gov.uk/guidance/how-to-make-due-diligence-checks-for-plastic-packaging-tax
Your Responsible Plastic Pallet Company
Plastic packaging that is made with more than 30% recycled materials is exempt from the tax. This is of course where we come in.
93% of our plastic pallets are made from 100% recycled plastic and are reusable, over and over again. This means that investing in a recycled plastic pallet is not only a more environmentally friendly logistics solution but is also better for your bottom line.
Talk to us today about our recycled plastic packing solutions as well as which of our reusable plastic solutions will be affected by the Plastic Packaging Tax.
Our Recycled Plastic Pallets
Browse our most popular plastic pallets which are made from 100% recycled plastic.