- UK Carbon Border Adjustment Mechanism (CBAM) to start on 1 January 2027
- Carbon charges to be immediately imposed on imported goods
- Electricity is excluded from the UK’s CBAM
- Glass and ceramics are no longer included in the UK’s CBAM
- Higher registration threshold of £50,000
- Default emissions values to be used until 2030
- Criminal offence for fraudulent evasion of the UK CBAM
- HMRC to establish a CBAM industry group and engage international stakeholders
- Guidance to be published prior to implementation
- Consultation outcome document available for viewing
Source: rpclegal.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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