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UK Government responds to consultation on introducing UK CBAM

|Tax Alerts, National/Federal Taxation, G ...|United Kingdom
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 c…

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