- HM Treasury and HM Revenue and Customs launched a consultation on the UK carbon border adjustment mechanism (CBAM)
- The CBAM will apply a charge on importers based on emissions in certain carbon-intensive goods in seven sectors
- The consultation includes questions on determining scope, calculating liabilities, determining rates, and administering rules
- Stakeholders can participate in roundtable discussions or join the CBAM mailing list by contacting [email protected]
- The consultation is open until 13 June 2024
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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