Plastic Packaging Tax rate to increase from 1 April 2024

Date posted:
Fri 01 March 2024

Plastic water bottles on the shelf

From 1 April 2024, the rate of Plastic Packaging Tax (“PPT”) will increase from £210.82 per tonne to £217.85 per tonne. PPT is payable by businesses which within a 12 month rolling period manufacture or import 10 tonnes or more of plastic packaging into the UK, which is less than 30% recycled.

PPT was introduced on 1 April 2022 to encourage businesses to replace virgin plastic in its packaging with recycled content. Businesses which meet the threshold to register for PPT must pay tax and report the amount of plastic packaging manufactured or imported into the UK to HMRC. The PPT rate per tonne started on 1 April 2022 as £200 and has steadily increased each year.

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