The UK has set an appointed day for provisions within the Finance Act 2009 that govern how interest accrues on carbon border adjustment mechanism charges. Sections 101 and 102 of the Finance Act 2009 establish the framework for calculating interest on these charges, which apply to imports of carbon-intensive goods. This order specifies when these interest provisions become operational, affecting businesses importing covered products subject to the carbon border adjustment mechanism.
Source: legislation.gov.uk – Read the original