date:Oct 31, 2018
Food and beverage companies will be taxed on plastic packaging that contains less than 30 percent recycled content, the UK Chancellor Richard Hammond announced yesterday in the 2018 Budget speech. The tax aims to transform the economics of sustainable packaging and posit the UK as as a world leader in tackling the scourge of plastic littering across the world and its oceans.
The new tax will come into force in April 2022, following a period of consultation on the detail and implementation timet