The UK government has introduced a new Carbon Border Adjustment Mechanism (CBAM) tax that will apply to imported goods. This mechanism is designed to adjust tariffs based on the carbon content of products crossing UK borders. The policy affects importers of carbon-intensive goods and represents a shift in how the UK will levy duties on incoming trade to account for carbon emissions. Further details on implementation timelines and affected product categories are contained within the policy documentation.
Source: HMRC (GOV.UK) – Read the original