British plastics packaging tax to be increased in line with inflation

As part of its Autumn budget statement, the UK government has announced in late November that it will increase the plastic packaging tax (PPT) to £217.85 per tonne from 1 April 2024. The rate of the tax introduced in April 2022 is £200 per tonne at present, equivalent to about €230. The increase is in line with the consumer price index (CPI). Since 1 April 2022, the PPT has been levied on manufacturers and importers of plastic packaging that has less than 30 per cent recycled content. According to the UK tax authority HMRC, the revenue generated in the year since the tax was first applied amounted to £276m....

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