As part of helping businesses prepare for Plastic Packaging Tax (PPT) ahead of its introduction in April 2022, HMRC is sharing the following two updates.
Updated Plastic Packaging Tax guidance on ‘last substantial modification'
Earlier this year HMRC published Get your business ready for the Plastic Packaging Tax guidance on GOV.UK, which provides an overview and further information on the tax. The Further information for businesses part of this guidance has been further updated. This provides greater detail on who is liable to account for the tax, by clarifying when the packaging component is finished, i.e. when the ‘last substantial modification’ has taken place. This information is set out in section 2.4 of the guidance.
Decision trees on what plastic packaging is in scope of the tax and who is liable to account for it
HMRC has produced two ‘decision tree’ documents to provide a step-by-step guide to assist businesses in:
Further detailed guidance and support to businesses will be provided in the coming months and we will share this with you when it is received.