20 October 2014    |    Taxation

VAT on single-use carrier bags

5p carrier bags levy

As of today, a 5p charge is levieed by the retailer on every single-use carrier bag sold in Scotland.  Similar schemes have already been introduced in Northern Ireland and Wales.

Levy on carrier bagsThe legislation is provided by HMRC at Business Brief 38 (2014), but this can be boiled down to four basic facts you need to know:

Put simply, the 5p is incldued as part of your standard rated sales, and the ex-vat amount is extra taxable income/profit.

Glasgow
31 Lynedoch St.
G3 6EF

Kilmarnock
71 King Street
KA1 1PT

Stornoway
49-50 Bayhead
HS1 2DZ

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