UK Plastic Packaging Tax Revenue Falls in 2024/25
HM Revenue and Customs (HMRC) has reported that UK Plastic Packaging Tax (PPT) revenues for 2024/25 reached £ 259 million, a 3% decrease from the previous year’s £ 268 million. The figures highlight a decline in taxable plastic packaging as businesses adjust to the levy introduced in April 2022. How the Plastic Packaging Tax…