PART 4Registration and administration
CHAPTER 3Accounting periods, payment, returns etc.
InterpretationI230
In this Chapter, “P” refers to a person who is liable to be registered at any time in an accounting period to which any provision in this Chapter relates, whether or not P is so registered.
Accounting periodsI331
The accounting periods for plastic packaging tax are the three-month periods ending with 31st March, 30th June, 30th September and 31st December.
PaymentI432
1
P must make payments of plastic packaging tax in respect of each accounting period.
2
The amount of plastic packaging tax payable is the amount stated in the return in respect of the period.
3
P must pay the amount of plastic packaging tax payable in respect of an accounting period no later than the day by which they must make a return for that period.
4
The Commissioners may, in such circumstances as they may prescribe, extend the period in paragraph (3) by notice in writing to P for such additional period as they see fit.
5
Payment must be made by the method prescribed by the Commissioners.
Requirement to make returnsI533
1
For each accounting period, P must make a return to the Commissioners no later than the last working day of the month immediately following the end of the accounting period to which it relates.
2
The Commissioners may extend the period in paragraph (1) by notice in writing to P for such additional period as they see fit.
Form, manner and content of returns etc.I134
1
A return must be dated and made in the form and manner prescribed by the Commissioners.
2
The return must include, in respect of the accounting period for which the return is made—
a
the total weight of —
i
chargeable plastic packaging components produced or imported; and
ii
chargeable plastic packaging components in respect of which the direct export condition ceases to be met by or under section 51(1)(a) of the Act;
b
the total weight of—
i
plastic packaging components produced or imported that are not chargeable to plastic packaging tax18; and
ii
chargeable plastic packaging components within sub-paragraph (d);
c
the total weight of plastic packaging components produced or imported in respect of which it is shown that the components do not fall within section 47(1)(a) of the Act19;
d
the total weight of chargeable plastic packaging components produced or imported in respect of which the direct export condition is met by and under section 51(2) of the Act;
e
the total weight of plastic packaging components produced or imported that are exempt under section 52(4) of the Act;
F1f
for tax credits claimed by and under section 53 of the Act—
i
the total value of tax credits claimed in respect of plastic packaging tax which arose during the same accounting period; and
ii
the total value of tax credits claimed in respect of plastic packaging tax which arose in a previous accounting period;
g
such further information as the Commissioners may prescribe in connection with the return; and
h
a declaration by P that the matters contained in it are true and accurate.
3
For the purposes of paragraph (2)(b)(i), the weight given must include plastic packaging components exempt from the charge to plastic packaging tax under section 52(4) of the Act.
4
P must keep records in writing in support of the matters to be included in a return in such manner as the Commissioners may prescribe.
Correction of returnsI635
P must correct any error made in a return for an accounting period—
a
in such manner as the Commissioners may prescribe; and
b
within a period of 4 years, beginning with the last day on which the return must be made.
Requirement to keep accountsI736
1
For each accounting period, P must keep—
a
accounts for the purposes of plastic packaging tax; and
b
records in support of the details that must be included in those accounts under paragraph (2).
2
The accounts must include, in respect of the accounting period for which the accounts must be kept, details of—
a
where liability to pay plastic packaging tax is deferred under section 51(1)(a) of the Act, the weight of the chargeable plastic packaging components intended for export;
b
where liability to pay plastic packaging tax is cancelled under section 51(1)(b) of the Act, the weight of the chargeable plastic packaging components exported;
c
the calculation of any tax credit claimed under section 53 of the Act;
d
whether that credit relates to a case under section 53(1)(a) or section 53(1)(b) of the Act;
e
any adjustments or corrections made in respect of any previous accounting period, including the identification of that period; and
f
the rate of plastic packaging tax applied to any chargeable plastic packaging components.
3
The accounts must state the total amount of plastic packaging tax payable in respect of the accounting period—
a
disregarding any amount of plastic packaging tax deferred under section 51(1)(a) of the Act; and
b
after the deduction of any tax credit claimed in accordance with regulation 15(2).
4
P must preserve accounts for the period of 6 years beginning with—
a
the last day of the accounting period to which the accounts relate; or
b
the day P pays the total amount of plastic packaging tax payable in respect of an accounting period,
whichever is the later.