UK Plastic Packaging Tax: A New Measure to Reduce Plastic Waste
By EsqSocial Corporation 18/05/21
The Finance Bill 2021 sets out a more sustainable and environmentally friendly tax system by legislating to implement a plastic packaging tax (the "Tax"). The new Tax will encourage the use of recycled plastic within packaging and provide an economic incentive for businesses to use recycled material when producing plastic packaging. It is estimated that the Tax could lead to the use of recycled plastic in packaging increasing by approximately 40 percent, which would be equivalent to carbon...
By: Katten Muchin Rosenman LLP