The September 30, 2014 deadline is approaching for companies to submit proposals and suggestions on how a compliance fee should be calculated and managed. The Department for Business Innovation & Skills has released a guide detailing how submitted proposals will be assessed.
A compliance fee is being implemented to deter producer compliance schemes (PCS) from collecting electronic waste above their goals and then selling the excess waste at elevated prices to other PCSs who have not met their recycling goal. For those PCSs not meeting their collection targets, this compliance fee would allow schemes an alternative method to meet the costs of its obligations. Once the finalized compliance fee proposal is adopted, it will be announced in mid-February 2015.