Raw Materials: Taxation

(asked on 17th July 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on revenue of a tax on virgin materials including on plastics.


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 22nd July 2019

At Budget 2018, the government announced its intention to tackle the scourge of single-use plastic waste through the introduction of a new tax on plastic packaging which does not contain a sufficient amount of recycled content, taking effect from April 2022. This world-leading new tax will provide a clear economic incentive for businesses to use more recycled material in the production of packaging, instead of using virgin plastic. It will achieve similar objectives to a tax on virgin plastics, but in a more targeted and effective way.

Earlier this year, the government launched a consultation seeking views on the initial proposed design for the tax. This closed in May and the government intends to publish a summary of responses in due course.

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