26 March 2024
UK to launch carbon border adjustment mechanism (CBAM) in 2027
1 min read
On 21 March 2024, the UK Government launched additional consultation on the introduction of a UK carbon border adjustment mechanism (UK CBAM) from January 2027.
On 21 March 2024, the UK Government launched additional consultation on the introduction of a UK carbon border adjustment mechanism (UK CBAM) from January 2027. The consultation is open for comments until 13 June 2024.
The consultation document prepared by HM Revenue & Customs and HM Treasury provides useful information about the possible design and administration of the UK CBAM. While at first sight the UK CBAM may look quite similar to the EU CBAM, there are some important differences between the two mechanisms.
Our latest Client Alert has more information on the topic.
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