Plastics tax exceeds first year revenue estimates

Source: https://www.mrw.co.uk/news/plastics-tax-misses-first-year-target-17-08-2023/

Author: MRW Reporter

The plastic packaging tax raised more than £40m more than expected during its first financial year, raising £276m for the Treasury. Data from HM Revenue & Customs has shown that, as of 8 August, there were 4,142 businesses registered for the tax, which is levied on manufacturers and importers of plastic packaging components which contain less than 30% recycled plastic.