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The BRC attended the regular industry meeting with HMRC's PPT policy team to discuss the tax. We have the following updates to share with you:

PPT statement on invoices

Earlier in the summer, HMRC asked for views on two options for this requirement. The BRC submitted a response and members views, backing an amended Option 2 whereby a short generic statement would be added to the invoice, with any detailed data/info to be provided upon business customer's request.

HMRC is still reviewing feedback and has not taken a decision. The industry feedback received is appreciated. HMRC still needs to brief the new minister, but already indicated that any changes around the requirement for PPT statement on invoices would need to happen through legislation - i.e. HMRC would need to amend the primary legislation and subsequently introduce supporting guidance. This realistically takes us to the next Spring Budget and subsequent Finance Bill (next year).

Reusable plastic crates

Earlier in the Spring, some members flagged the disproportioned impacts of the tax on reusable plastic crates used by retailers. Following active and persistent engagement from the BRC on this issue, HMRC has indicated that filled reusable plastic crates would be exempt from the tax. This is a positive outcome and we thank members who've submitted key information and data. This decision will be shortly set in writing by HMRC (BRC will share asap), they will also provide guidance for those businesses who've already accounted for those items in the past quarters. Effectively, businesses will be able to submit a return amendment in their PPT tax account. 

Stats on registrations

  • As of 26th September, approx. 2600 businesses registered
  • Please note that the recent media claim that only 992 registered was based on data from April which was released through a Freedom of Information request.
  • Majority of businesses submitted their Q1 return (April to June) on time
  • First quarter of the PPT raised around £58m (reminder that HMRC projected that the tax would raise circa £235m in year one)
  • HMRC does publish stats on environmental taxation, and would potentially publish some around the PPT further down the line.