PPT resources
With less than 2 months to go until Plastic Packaging Tax (PPT) comes into force, HMRC has shared the following updates:
Webinar 1: Introduction to Plastic Packaging Tax
This webinar will cover how the tax will operate including:
• what plastic packaging the tax applies to
• who is responsible for paying and accounting for the tax
• what information is needed for your tax returns and record keeping.
Webinar 1 is running on: Friday 18th February at 13:45 – 14:45 and Friday 25th February 13:45 – 14:45
Sign up now by visiting this link here
Webinar 2: Administrative and Technical Aspects
This webinar will cover the technical points about recycled plastic and exemptions from the tax including:
• how to claim tax credits
• allowable sources of recycled plastic
• methods for calculating or evidencing recycled plastic content and weight of packaging components
• supply chain responsibilities
Webinar 2 is running on: Tuesday 22nd February 09:45 – 10:45 and Monday 28th February 13:45 – 14:45
Sign up now by visiting this link here
Updated step-by-step guides on what plastic packaging is in scope of the tax and who is liable to account for it:
Both ‘decision tree’ documents have been updated to assist businesses in understanding the tax and which plastic packaging products are in scope, aligning the guides with The Plastic Packaging Tax (Descriptions of Products) Regulations 2021. They also signpost to examples on GOV.UK
The decision trees assist with:
• determining if plastic packaging is in scope of the tax, and
• who is required to account and potentially pay tax on the plastic packaging.
PPT guidance: further information published on Gov.uk
• new guidance on weighing plastic packaging components and each material used when manufacturing them
• examples of due diligence checks you can carry out if you manufacture, import or purchase plastic packaging from another business
• updated examples of packaging in and out of scope
• to ease navigation, HMRC has published a collection page that lists the PPT guidance pages published on GOV.UK, webinars and also past consultations.
Supporting businesses to get the tax right
“HMRC understands this is a new tax and businesses want reassurance they are preparing appropriately. We are working closely with industry to help businesses understand and be able to comply with the requirements. As with other taxes, we will do all we can to help businesses comply with the tax. We know that some businesses will need help with understanding their tax liabilities and others will seek to evade paying it. We will help businesses get it right at each step and will only resort to using enforcement powers where needed.”
