Open consultation – HAVE YOUR SAY – Introduction of a UK carbon border adjustment mechanism (CBAM) | International Business

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Open consultation - HAVE YOUR SAY - Introduction of a UK carbon border adjustment mechanism (CBAM)

The government are seeking views on proposals for the design and administration of the UK carbon border adjustment mechanism (CBAM) from 1 January 2027.

This consultation closes at 11:59pm on 13 June 2024.

Following the consultation, "Addressing carbon leakage risk to support decarbonisation", the government announced that it would introduce a CBAM from 1 January 2027 on imports of certain carbon intensive imported goods from the following sectors: aluminium; cement; ceramics; fertilisers; glass; hydrogen; and iron and steel.

This consultation, being undertaken jointly by His Majesty's Revenue & Customs (HMRC) and His Majesty's Treasury (HMT), sets out proposals for the design and administration of the mechanism.

In particular, they want to hear from:

• Interested parties, including those overseas
• Importers and their agents
• Other businesses
• Tax advisors
• Trade and professional bodies

Get involved at: https://www.gov.uk/government/consultations/consultation-on-the-introduction-of-a-uk-carbon-border-adjustment-mechanism

Contact [email protected] 01254 356454 for further information on CBAM or importing/exporting in general.