The UK Plastics Packaging Tax comes into effect from 1 April 2022 and is intended to increase the amount of recycled material used in packaging products. A survey conducted by the BPF found that less than a third of companies feel that they fully understand the upcoming tax. Areas of uncertainty include the evidence companies are required to submit and when companies are eligible for tax credits. Uncertainty also exists around calculating the amount of tax liable (if any), how VAT is to be applied and the information that is required on invoices for tax-eligible products.
