Spring Statement: Chancellor unveils consultation on plastic tax

Spring Statement: Chancellor unveils consultation on plastic tax

Taxes to address the problem of single use plastics. There is a lot to commend in this initiative which will look at the “whole supply chain” for single-use plastics, and examine ways to deliver renewable alternatives and recycling opportunities. Evidence is being called for the 9 week enquiry. In addition the Chancellor set aside £20m for an innovation fund that will help businesses and universities to discover new solutions to tackle plastic waste. The business world has allowed the issue to be devolved to taxation and opened the door to similar actions in the future. Why?

To read more, follow the link below:

https://www.edie.net/news/11/Spring-Statement-2018-Chancellor–Philip-Hammond-consultation-single-use-plastics-tax-system/?adfesuccess=1

(Photo credit: Raul Mee)

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