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Communication - Upcoming Legislation: Plastic Packaging Tax & Hospitality VAT Rates

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Summary

This communication was sent to our Sage 50, Sage 200, Sage X3, Sage Intacct and Sage 1000 Partner communities.

Description

This communication was sent 25 February 2022.

Upcoming Legislation:
Plastic Packaging Tax & Hospitality VAT Rates

There are a number of upcoming legislation changes. As a Sage Partner, it’s important you’re aware of these changes and have all of the information you need to hand, ensuring you can support customers and help them manage these changes.

Plastic Packaging Tax

From 1 April 2022, a new tax on plastic packing will come into force for UK businesses.

It is anticipated that this new Tax will affect around 20,000 UK manufacturers, producers and importers of plastic packaging, as well as the wider supply-chain.

Due to the anticipated customer type including the nature of the industries involved, this is more likely to affect customers using:

  • Sage 50 Accounts
  • Sage 200
  • Sage 1000
  • Sage X3

Find out what businesses need to know about the changes in this blog post.

Our teams are currently working in conjunction with HMRC to provide information and guidance on this. Our Compliance Help Centre will be updated with all of our supporting material over the coming weeks.

Hospitality VAT Rates

On 1st October 2021, the government introduced a reduced rate of VAT to support businesses in the UK recover post lockdown.

From 2nd April 2022, the temporarily reduced rate of VAT 12.5% will be removed and the 20% VAT rate will be reinstated.

Questions

To prepare for these upcoming changes, you can find useful information using the links in the sections above or alternatively our compliance help centre which provides the information you need.