What is  Plastic Packaging Tax?

  • A tax which is not about revenue creation but has more aim in reducing the use of new plastics and increasing plastic recycling.

When will it be implemented?

  • In Italy, PPT will be implemented from January 2023.
  • In UK, PPT will be implemented from 1 April 2022.
  • In Spain, PPT will be implemented in early 2022.

How much is  Plastic Packaging Tax?

  • The Italian government officially confirmed on the 19th October that the €450/tonne plastic packaging tax will be implemented in January 2023.
  • In the UK, the rate of PPT will be £200 per metric tonne of plastic packaging (that contains less than 30% of recycled plastic).
  • In Spain the PPT is €450/tonne.

Who is going to shoulder the Plastic Packaging Tax?

  • Everyone, from the largest plastic packaging manufacturer to the corner shop customer buying a packet of pasta, will see its effects. Although PPT will be levied on manufacturers and importers (both UK resident and non-UK resident) that manufacture (or import) ten metric tonnes of plastic packaging or more annually, the cost may well be passed along the supply chain to end-consumers.

Address the issue, take the first step – contact www.eurobrandmanagement.com

 

 

Euro Brand Management GmbH

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