The main response has now been published. Decisions set out in the response include setting the UK ETS cap to be consistent with net zero, smoothing the transition to the net zero cap, phasing out free allocation for the aviation sector, and expanding the scope of the scheme to include additional sectors (including domestic maritime and energy from waste) and cap a greater proportion of UK emissions. There will also be further consultation on incorporating greenhouse gas removal technologies in the UK ETS.
Source: taxscape.deloitte.com
Latest Posts in "United Kingdom"
- Understanding VAT: How It Works, Its Impact, and Options for Reform in the UK
- UK Tribunal Rules Locum Doctor Supplies via Agencies Are VAT Exempt for NHS Trusts
- VAT Rules for Workwear, Uniforms, and Staff Clothing: What Businesses Need to Know
- Understanding E-Invoicing: Benefits, Challenges, and the Future for UK Businesses and Government
- How Overseas Businesses Can Reclaim UK VAT: Eligibility, Deadlines, and Key Conditions
