The UK government has opened a technical consultation on proposed regulations governing how the Plastic Packaging Tax treats chemically recycled plastic, specifically focusing on implementing a mass balance methodology. The consultation seeks industry feedback on draft regulations and accompanying guidance that would establish how businesses can demonstrate and claim credit for chemically recycled content in their plastic packaging. This approach aims to clarify the tax treatment of chemically recycled materials alongside mechanically recycled alternatives. The mass balance method would allow companies to track recycled content through their supply chains where physical segregation of recycled materials is impractical.
Source: HMRC (GOV.UK) – Read the original