The plastic tax is due to come into play in April 2022 and has been introduced by the HM Treasury in order to provide a financial incentive to use recycled plastic in the manufacturing of plastic packaging. This tax will apply to any plastic packaging with less than 30% recycled content, with a flat rate of £200 per metric tonne of plastic packaging. Whilst this may sound a little overwhelming, and you may be wondering how this will affect your business, we can safely say that as a team we have been working hard behind the scenes to ensure we can assist you throughout every step of this new process.
It’s important to remember that the government has brought in this tax to encourage the use of recycled plastic rather than new plastic within the packaging. This will in turn stimulate increased levels of recycling and collection of plastic waste, therefore saving it from filling our landfills or incineration. Introducing this law will all help towards the Government’s ambitions for higher recycling rates in the UK and will also contribute towards factors in helping to protect our environment for future generations.
We understand the importance of this tax and the many benefits surrounding it, but we also acknowledge that our actions will have an effect on you as our customer. As a result, we have launched a range of plastic products with 30%+ PCW and PIW to guarantee the plastic tax does not affect you!
Whilst it is difficult to predict exactly what the future may look like when the plastic tax commences, it is becoming increasingly clear that recycled plastics are likely to be included in most plastic products at the production stage. This could result in possible price increases and less virgin plastic available on the market, but also reducing the likelihood of the tax on products too.
