Following consultation, HM Treasury intends to explore in more depth a number of proposals for using the tax system to reduce the amount of single-use plastic waste. The chancellor will announce the final set of policies to be taken forward at Budget 2018.
The consultation ran between March and May 2018. Between now and the Budget, the Treasury will look at the following proposals:
using tax to shift demand towards recycled plastic inputs;
using tax to encourage items to be designed in a way that is easier to recycle;
taxes or charges on specific plastic items that are commonly used ‘on-the-go’ and littered, in order to encourage a reduction in production and use; and
using tax to ensure the right incentives are in place to encourage greater recycling of waste that is currently incinerated.
Following consultation, HM Treasury intends to explore in more depth a number of proposals for using the tax system to reduce the amount of single-use plastic waste. The chancellor will announce the final set of policies to be taken forward at Budget 2018.
The consultation ran between March and May 2018. Between now and the Budget, the Treasury will look at the following proposals:
using tax to shift demand towards recycled plastic inputs;
using tax to encourage items to be designed in a way that is easier to recycle;
taxes or charges on specific plastic items that are commonly used ‘on-the-go’ and littered, in order to encourage a reduction in production and use; and
using tax to ensure the right incentives are in place to encourage greater recycling of waste that is currently incinerated.
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