C1PART 2Plastic packaging tax
Deferrals, exemptions and credits
I1I2C153C1Tax credits
1
The Commissioners may by regulations make provision in relation to cases where after a person has become liable to pay plastic packaging tax in respect of a prescribed plastic packaging component (the “charged component”), that component is—
a
exported from the United Kingdom;
b
converted into a different packaging component.
2
The provision that may be made is provision—
a
for the person to be entitled to a tax credit in respect of any plastic packaging tax charged on the charged component;
b
for the tax credit to be brought into account when the person is accounting for plastic packaging tax due from the person for the prescribed accounting period or periods;
c
for the person to be entitled to a repayment of plastic packaging tax (instead of a tax credit) in prescribed cases.
3
Regulations under this section may (among other things) make provision—
a
for any entitlement to a tax credit to be conditional on the making of a claim by the person, and specifying the period within which and the manner in which a claim may be made;
b
for any entitlement to a tax credit or to bring a tax credit into account to be—
i
conditional on compliance with prescribed requirements;
ii
subject to prescribed minimum or maximum amounts;
c
specifying circumstances in which, and criteria for determining the period for which, the person is or is not entitled to a tax credit;
d
requiring a claim for a tax credit to be evidenced and quantified by reference to prescribed records and other documents;
e
requiring a person claiming any entitlement to a tax credit to keep, for the prescribed period and in the prescribed form and manner, those records and documents and a record of prescribed information relating to the claim;
f
for the withdrawal of a tax credit where any requirement of the regulations is not complied with;
g
about adjustments of liability for plastic packaging tax in connection with entitlement or withdrawal of an entitlement to a tax credit in prescribed circumstances;
h
about the treatment of a tax credit where the person ceases to carry on a business or otherwise is no longer liable to plastic packaging tax;
i
for anything falling to be determined in accordance with the regulations to be determined by reference to a direction given in accordance with the regulations by the Commissioners;
j
about the meaning of “converted” for the purposes of subsection (1)(b).
4
In this section, “prescribed” means specified in or under, or determined in accordance with provision made in or under, regulations under this section.
Pt. 2 modified (1.4.2022) by The Plastic Packaging Tax (Descriptions of Products) Regulations 2021 (S.I. 2021/1417), regs. 1, 3-5