In the UK, the tax year for businesses ends in April each year. For the waste management sector, this means an increase in taxes on landfill and fuel.
In the previous year (2020-2021), due to the red diesel ban on plant machinery, skip-hire companies had to increase their prices by an average of 15% to cover their additional expenses.
This year (2023), waste management and skip-hire companies are expecting an average increase of 8%.
This significant increase in prices will have a widespread impact on various industries, including small businesses, construction, manufacturing, hospitality, and medical. The average cost of a skip in the UK is £250+VAT, making this price hike a significant concern.
Effective waste management is essential for the European economy, as it impacts several sectors, including healthcare, construction, manufacturing, and hospitality. It ensures that waste is safely disposed of, reducing environmental damage and public health risks.
Reliable Skip reports that price increases in Europe vary significantly, ranging from 3% to more than 10% in certain regions. By carefully evaluating the cost of waste disposal services, it is possible to find economical solutions for safe and responsible waste disposal, while avoiding the legal and financial consequences of unlawful waste disposal.
Small and medium-sized businesses have options to minimize the effects of the waste stealth tax and the increase in fly-tipping. By implementing sustainable practices, collaborating with trustworthy waste disposal firms, and exploring innovative ideas, businesses can transform waste management into a cost-saving prospect while safeguarding the environment and public health.
Taking action now is critical for businesses to decrease waste and enhance efficiency, preventing adverse effects from the waste stealth tax and fly-tipping.
It is vital that businesses have the right waste management processes in place. As looming threats of climate change litter the news, organisations are looking for ways they can limit their impact on the environment. Just as being socially responsible is a fundamental drive for many businesses, so is the influence your waste management processes have on your bottom line and business efficiency.
Most organisations start with procurement – building into their purchasing processes considerations for responsible sourcing, product design, circular products, energy-efficient products, and carbon-neutral products to avoid wastage.
There are also other ways to ensure a low waste bill.
At ERA, our experts look at ways to ensure your waste management procedures are working for your business, as well as helping you to reduce business waste costs.
If you feel you need advice on your waste disposal process, why not consider having it professionally reviewed?
Running this area of your business through an expert waste consultancy service will ensure that you are not only achieving the best practice in light of continual legislative changes but also receiving the best overall value.
Get in touch with us today to find out how much money you have been wasting on waste!