Extract from second reading debate (Lords) of the Finance Bill - June 8
Wednesday, 9 June 2021 08:32
The Minister of State, Cabinet Office and the Treasury (Lord Agnew
of Oulton) (Con):...I turn to how the Bill helps us deliver the
important commitments the Government have made on the environment
and carbon reduction. The new plastic packaging tax will encourage
the use of recycled plastic instead of new plastic in packaging.
For plastic packaging that contains less than 30% recycled plastic
content, the rate of the tax will be £200 per tonne. This will
transform the economics of...Request free trial
The Minister of State, Cabinet Office and the Treasury
() (Con):...I turn to how the Bill helps
us deliver the important commitments the Government have made on
the environment and carbon reduction. The new plastic packaging tax will encourage
the use of recycled plastic instead of new plastic in packaging.
For plastic packaging that contains less than 30% recycled plastic
content, the rate of the tax will be £200 per tonne. This will
transform the economics of sustainable packaging. To help tackle
climate change and improve the UK’s air quality, the Bill reforms
the entitlement to use red diesel from April next year. This will
help ensure that the tax system incentivises users of polluting
fuels such as diesel to invest in cleaner vehicles and machinery,
or just to use less fuel...
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