Interactive: UK Plastics Tax Calculator

In April 2022, the UK launched a tax on plastic packaging. The tax, launched to assist scale back plastic waste air pollution, is the primary of its variety globally to cowl all kinds of plastic packaging. Underneath the brand new guidelines, any packaging of predominantly plastic by weight manufactured or imported into the UK should comprise a minimal of 30% recycled plastic for last sale to the patron. If the recycled materials falls beneath this absorption fee, then a £200/mt tax Can be payable on the full weight of the package deal.

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The introduction of this tax has broad implications not just for UK producers and patrons of merchandise packaged in plastics, but additionally for the various European and international market members who export the fabric to the UK. In fact, this new legislation will lead to price implications, even for firms that embrace 30% recycled content material of their packaging. key recycled polymers – similar to recycled polyethylene terephthalate, which is usually used to make beverage bottles – commerce at a premium to their fossil-derived virgin polymer,

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Online Rich Tech

Online Rich Tech