HMRC has updated its plastic packaging tax (PPT) guidance to confirm the previously announced delay to the introduction of the requirement to include PPT statements with invoices (the idea being to demonstrate that PPT has been paid – thus encouraging business customers to increase the use of recycled plastic or other materials). The guidance notes that the requirement will not be introduced alongside PPT on 1 April 2022 but does not give details of any likely alternative date.
HMRC does however intend to publish further guidance on PPT statements ‘in due course’ and will give businesses time to prepare and make any necessary changes to their systems.
The update also includes new guidance on transferring a registered plastic packaging business as a going concern and the temporary treatments available when the person responsible for dealing with PPT dies, becomes incapacitated or becomes insolvent.
HMRC has updated its plastic packaging tax (PPT) guidance to confirm the previously announced delay to the introduction of the requirement to include PPT statements with invoices (the idea being to demonstrate that PPT has been paid – thus encouraging business customers to increase the use of recycled plastic or other materials). The guidance notes that the requirement will not be introduced alongside PPT on 1 April 2022 but does not give details of any likely alternative date.
HMRC does however intend to publish further guidance on PPT statements ‘in due course’ and will give businesses time to prepare and make any necessary changes to their systems.
The update also includes new guidance on transferring a registered plastic packaging business as a going concern and the temporary treatments available when the person responsible for dealing with PPT dies, becomes incapacitated or becomes insolvent.
