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 introduced in April 2022 was £200 per tonne, equivalent to about €230, and from 1 April 2023, it was raised to £210.82. 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....
