Packaging Tax Obligation Statement Effective Date 1st April 2022 – UPDATED 1st APRIL 2023
As part of the Government’s plan to incentivise the use of recycled material in the manufacture of plastic packaging, HMRC introduced a Plastic Tax effective 1st April 2022.
This tax is applicable to all products that are manufactured using less than 30% Post-Consumer Recycled Polymer (set out in section 45 of the Finance Act 2021). This price will be increased from £200 per tonne to £210.82 per tonne with effect from 1 April 2023.
There are some exemptions from the Packaging Tax however after careful consideration, we conclude that, all bottles sold by Metaplast containing less than 30% PCR will be subject to the tax.
We confirm that Metaplast will be fully compliant under our manufacturers obligations to pay the Packaging Tax to HMRC in line with legislation, and our suppliers of caps and closures have confirmed, they too are compliant, and it is their intention to pass the tax on at point of sale.
The Packaging Tax will be passed on automatically and we have taken the decision to display the value of the tax as a separate line item on Order Acknowledgements and subsequent Invoices.
Customer price lists will be adjusted to clearly state the products liable for the tax and the associated tax value. If product supplied on an ex-works basis by Metaplast is exported post collection, and, sufficient evidence can be provided, as requested by HMRC, a credit for the packaging tax will be applied.
For more information call us on 01508 495342 or email: [email protected].