How PackTotal Calculates Your Plastic Packaging Tax

PackTotal is an application developed to ease the way for companies to record and monitor the plastic they are importing or manufacturing. PackTotal keeps important data records of products and their packaging component parts and their individual weight.

When a company has exceeded the 10-tonne threshold set by HMRC they must register for PPT. PackTotal can help ease the burden of a company’s Plastic Packaging tax compliance by calculating the values to be submitted as required by HMRC Plastic Packaging Tax Reporting.

Using PackTotal to produce quarterly tax returns is as easy as 1 – 2 – 3…

Step 1: Load your data

PackTotal needs your data in order to make accurate calculations of Plastic Packaging weight. It will need full details of the products you are importing or manufacturing and their component parts. This can be done manually using the user-friendly user interface or imported from excel spreadsheet format.

Enter the components of all packaging level and all materials. In addition enter the products which are made up of one or more components.

From this data PackTotal will determine which components are exempt and which are liable for PPT.

Making packaging data reporting easy

Step 2: Load the quantities Manufactured in the UK, Imported and Exported

 

Enter here data regarding the quantity of the products you have imported or manufactured. This can be done manually using the user-friendly user interface or imported from a simple excel spreadsheet format.

 

 

 

Step 3: Calculate Values for the quarterly PPT Return

Plastic Packaging Tax Return Figures Calculated by PackTrack

With the data loaded and the end of the quarter arrived it is time to submit a quarterly Plastic Packaging Tax return. PackTotal makes this effortless and will produce the numbers with the touch of a button.

 

 

 

 

 

 

 

PackTotal PPT Edition

The software package for businesses who manufacture or import plastic packaging and must submit a quarterly Plastic Packaging Tax return. PackTotal guides you in entering all the data needed for an accurate PPT calculation and produces all the necessary values for submission.

 

PackTotal