HMRC has released guidance identifying carbon pricing schemes that will qualify under the UK’s Carbon Border Adjustment Mechanism, designed to help importers prepare for the scheme’s implementation. The provisional list specifies which international and domestic carbon pricing systems will be recognised for CBAM purposes. This guidance enables businesses importing covered goods to understand how carbon costs from their country of origin may be credited against future CBAM obligations. The list remains subject to further updates as the scheme continues to develop.
Source: HMRC (GOV.UK) – Read the original