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01 April 2024
Finance Act 2024

Synopsis

This Act will increase the rates of landfill tax (in England and Northern Ireland), plastic packaging tax and aggregates levy from 1 April 2024.

Summary

The Finance Act 2024 will increase the rates of landfill tax (in England and Northern Ireland), plastic packaging tax and aggregates levy from 1 April 2024.

 

Changes to the Plastic Packaging Tax

The Finance Act 2024 increases the plastic packaging tax on 1 April 2024.

This applies across the UK

What will change?

The plastic packaging tax will increase from £210.82 to £217.85. This rate applies to packaging components produced in or imported into the UK on or after 1 April 2024, where this material has a recycled content below 30%.

 

Changes to the Landfill Tax

The Finance Act 2024 increases the active/non-inert and inert rates of landfill tax on 1 April 2024.

These rates will apply in England and Northern Ireland only.

What will change?

Disposals on or after 1 April 2024 are subject to increased rates of landfill tax as follows:

  • The inert rate increases to £3.30 (from £3.20 a tonne)
  • The non-inert (active) rate increases to £103.70 (from £102.10 a tonne)

 

Changes to the Aggregates Levy

The Finance Act 2024 will increase the aggregates levy on 1 April 2024.

This legislation applies across the UK.

What will change? 

The aggregates levy will increase to £2.03 (from £2.00) for aggregates that are commercially exploited on or after 1 April 2024.

 

 

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