- Consultation on UK carbon border adjustment mechanism
- Published by HM Treasury and HM Revenue & Customs
- Consultation ran for 12 weeks and received over 340 responses
- Proposals for design and administration of UK CBAM
- UK CBAM to be introduced on 1 January 2027
- Carbon price on emissions intensive industrial goods
- Sectors at risk of carbon leakage included
- Glass and ceramics sectors not in scope from 2027
- Sectoral scope to be reviewed beyond 2027.
Source: gov.uk
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.
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