- The UK Government has confirmed that it will implement a Carbon Border Adjustment Mechanism (CBAM) by 2027.
- The UK CABAM will apply a charge on the carbon emissions embodied in imports from the following sectors: aluminum, cement, ceramics, fertilizers, glass, hydrogen, iron and steel.
- Consultation will take place on the design and mechanics of the UK CBAM in 2024. However, some key details are available now.
Sources
Latest Posts in "United Kingdom"
- UK Budget 2025: VAT E-Invoicing, Digital Compliance, and Post-Brexit Tax Reforms Announced
- FTT Rules HMRC Closure Notice Bars VAT Registration: Hairdresser’s Turnover Below Threshold, Appeal Allowed
- UK Tribunal Rules Self-Employed Hairdresser Not Liable for VAT Registration Under Rent-a-Chair Model
- EU Insists on VAT Representative for UK Firms Despite British Objections to Import Rules
- Mandatory B2B e-invoicing as of April 2029
