Recent data published by HMRC has highlighted that the Plastic Packaging Tax (PPT) brought in £42 million more than forecast in 2022/23.
Data published by the department showed that £276 million was brought in from the tax, against an original estimate of £235 million. There have been 4,142 businesses registered.
The tax was introduced in April 2022 and saw a £200 per tonne levy placed on plastic packaging with less than 30% recycled content. The tax was raised to £210.82 per tonne as of 1 April 2023.
Data
Other statistics released by HMRC show that of the total plastic packaging manufactured in and imported into the UK 39% was declared as taxable under the PPT.
Of the total plastic packaging declared 52% was manufactured in the UK and 48% was imported into the UK.
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