The EU’s carbon border adjustment mechanism enters its transitional phase on 1 October 2023, meaning that UK businesses exporting to the EU must prepare for the changes.
The EU’s carbon border adjustment mechanism (CBAM) is a policy developed by the EU to prevent ‘carbon leakage’. UK businesses exporting to the EU need to be aware of what data their EU customers will require and how their business may need to evolve to remain competitive.
Source: www.icaew.com
Latest Posts in "European Union"
- ECJ Upholds Czech Joint VAT Liability in Fuel Fraud Case, Validates EU Law Compliance
- CJEU Rules on VAT for Transfer Price Adjustments in Arcomet Towercranes Case C-726/23
- Agenda of the ECJ VAT cases – 4 AG Opinions, 1 Hearings till October 10, 2025
- CJEU Ruling: VAT Applies to Intra-Group Transfer Pricing Adjustments in Arcomet Case
- Non-Payment of Declared VAT Not Considered VAT Fraud, Says Advocate General Kokott
