Creating invoices: Businesses responsible for accounting for the tax are encouraged to make the PPT they have paid visible to their business customers, and work with them to try to increase the amount of recycled plastic they use wherever possible. HMRC intends to publish further guidance on including PPT statements with invoices in due course. The requirement to include a statement that the tax has been paid with an invoice had originally been due to start from April 2022, but HMRC announced that the requirement was to be delayed.
Charging VAT: Businesses which pay PPT on plastic packaging components that they have manufactured or imported can choose to increase the price they charge for that packaging to help cover the cost of the tax. HMRC notes that this is a commercial decision for the business. PPT is only paid once when the packaging component is finished or imported. It is not passed down the supply chain as a separately identifiable charge like VAT.
Creating invoices: Businesses responsible for accounting for the tax are encouraged to make the PPT they have paid visible to their business customers, and work with them to try to increase the amount of recycled plastic they use wherever possible. HMRC intends to publish further guidance on including PPT statements with invoices in due course. The requirement to include a statement that the tax has been paid with an invoice had originally been due to start from April 2022, but HMRC announced that the requirement was to be delayed.
Charging VAT: Businesses which pay PPT on plastic packaging components that they have manufactured or imported can choose to increase the price they charge for that packaging to help cover the cost of the tax. HMRC notes that this is a commercial decision for the business. PPT is only paid once when the packaging component is finished or imported. It is not passed down the supply chain as a separately identifiable charge like VAT.
