UK Government responds to consultation on introducing UK CBAM

31 October 2024|Tax Alerts, National/Federal Taxation, Global|United Kingdom

The UK Government has responded to the consultation regarding the introduction of a UK Carbon Border Adjustment Mechanism (UK CBAM).
The UK CBAM regime will be introduced from 1 January 2027.
The threshold triggering the UK CBAM was sharply increased to £50,000 of imported products each year.

Executive summary

On 30 October 2024, the United Kingdom (UK) Government published its response to the consultation regarding the introduction of a UK Carbon Border Adjustment Mechanism (CBAM). The UK CBA…

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