Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 17 January 2023 to Question 119000 on Plastics: Taxation, if he will make an estimate of the proportion of recycled content in plastic that is overclaimed as a result of using the mass balance approach.
The mass balance approach for plastics follows a similar model to that used in other industries, such as biofuels. It is an industry-led certification scheme, with independent auditors to ensure compliance.
Businesses are currently required to calculate the actual amount of recycled plastic in packaging, for the purposes of the Plastic Packaging Tax.