New regulations have been established to operationalise the carbon border adjustment mechanism, a novel tax introduced through Part 5 of the Finance Act 2026. The CBAM framework will apply to imports of certain goods into the UK, requiring businesses involved in importing affected products to understand and comply with the new requirements. These regulations set out the practical provisions for how the mechanism will function, including definitions, procedures, and compliance obligations for affected traders and importers.
Source: legislation.gov.uk – Read the original