The amount was £41m more than the Treasury predicted for 2022/23.
The Government collected more than £270 million from the plastic packaging tax during its first year, official figures show.The tax was introduced in April 2022 as a £200 per tonne levy placed on plastic packaging with less than 30% recycled content.
Of the total plastic packaging manufactured in and imported into the UK in 2022/23, 39% was declared as taxable under the PPT, HMRC said. He said PPT is “doing its job” but added: “Markets for recycled plastics are challenging at the moment and there is a lack of demand. “We need to get on with rolling out these programmes that will make it easier for people to recycle at home, while also building a much stronger recycling industry.”
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