- The UK’s carbon border adjustment mechanism (CBAM) will impose a carbon price on certain imported goods starting 1 January 2027.
- CBAM aims to ensure imported carbon-intensive products face a similar carbon price as UK-made goods, supporting genuine global emissions reduction.
- HMRC has released a consultation on draft CBAM regulations, covering administration, calculation of rates, and carbon price relief; feedback is open until 24 March 2026.
- A policy summary outlining CBAM’s operation and framework has also been published and will be updated as needed.
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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