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, in line with the consumer price index (CPI). The rate of the tax stood at £200 per tonne when it was introduced on 1 April 2022, equivalent to about €230. Since that date, 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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