Firms fail to register for plastic packaging tax

Research by law firm Pinsent Masons shows that fewer than one in twenty liable businesses have registered for the new plastic packaging tax. This has raised concerns that HMRC will not pull in the £235m it expected and firms will be hit by fines for non-payment. Businesses that manufacture or import ten tonnes or more of plastic packaging will have to pay £200 for each tonne of packaging that does not contain at least 30% recycled content by the end of this tax year. While firms have been able to register for the tax since April – and were expected to have completed their first quarter report by the end of last month – Pinsent Masons has found that only 992 businesses signed up in April, despite estimates that 20,000 businesses would be affected by the levy. HMRC said it is liaising with business to ensure compliance.

The Times

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