UK CBAM - Revision history

imported>Doug Williamson: Add 'relevant'.

2023-05-31T07:58:24Z

Add 'relevant'.

← Older revision		Revision as of 07:58, 31 May 2023
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	:"According to the Chartered Institute of Taxation, carbon border tax can play an important part in delivering net zero, but urged the government to ensure any policy did not restrict international trade purely to benefit domestic producers. 'We actually need to incentivise low carbon-emitting production at home and abroad,' it said.		:"According to the Chartered Institute of Taxation, carbon border tax can play an important part in delivering net zero, but urged the government to ensure any policy did not restrict international trade purely to benefit domestic producers. 'We actually need to incentivise low carbon-emitting production at home and abroad,' it said.

	:KPMG said that while the initial proposed outline has similarities to the EU CBAM (which will impact UK exporters of EU ~~covered~~ goods), the proposed UK CBAM would have a potentially significant impact on UK importers of UK covered goods. Businesses caught by both sets of rules could face further complications of having to comply with two similar, but distinct, regimes.		:KPMG said that while the initial proposed outline has similarities to the EU CBAM (which will impact UK exporters of [relevant EU] goods), the proposed UK CBAM would have a potentially significant impact on UK importers of UK covered goods. Businesses caught by both sets of rules could face further complications of having to comply with two similar, but distinct, regimes.

	:It added that organisations that have been closely following the EU CBAM will already be familiar with the implications of a carbon border adjustment mechanism: higher operating costs, new compliance and reporting obligations and carbon accounting challenges."		:It added that organisations that have been closely following the EU CBAM will already be familiar with the implications of a carbon border adjustment mechanism: higher operating costs, new compliance and reporting obligations and carbon accounting challenges."

	''The Treasurer online - 17 May 2023.''		:''The Treasurer online - 17 May 2023.''

imported>Doug Williamson: Add links.

2023-05-18T09:06:33Z

Add links.

← Older revision		Revision as of 09:06, 18 May 2023
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	* [[Embedded carbon]]		* [[Embedded carbon]]
	* [[Emissions]]		* [[Emissions]]
	* [[Environmental ~~policy~~]]		* [[Environmental concerns]]
	* [[Environmental profit and loss]]		* [[Environmental profit and loss]]
	* [[Footprint]]		* [[Footprint]]
	* [[International Institute for Sustainable Development]]		* [[International Institute for Sustainable Development]]
			* [[Policy]]
			* [[Public policy]]
	* [[Regime]]		* [[Regime]]
	* [[Regulation]]		* [[Regulation]]

imported>Doug Williamson: Create page - source - The Treasurer online - https://www.treasurers.org/hub/treasurer-magazine/uk-considers-carbon-border-tax

2023-05-18T09:05:46Z

Create page - source - The Treasurer online - https://www.treasurers.org/hub/treasurer-magazine/uk-considers-carbon-border-tax

New page

''Environmental policy - emissions - regulation - UK.''

Abbreviation for proposals for a UK Carbon Border Adjustment Mechanism, similar to the proposed EU CBAM.

:<span style="color:#4B0082">'''''Further complications'''''</span>

:"According to the Chartered Institute of Taxation, carbon border tax can play an important part in delivering net zero, but urged the government to ensure any policy did not restrict international trade purely to benefit domestic producers. 'We actually need to incentivise low carbon-emitting production at home and abroad,' it said.

:KPMG said that while the initial proposed outline has similarities to the EU CBAM (which will impact UK exporters of EU covered goods), the proposed UK CBAM would have a potentially significant impact on UK importers of UK covered goods. Businesses caught by both sets of rules could face further complications of having to comply with two similar, but distinct, regimes.

:It added that organisations that have been closely following the EU CBAM will already be familiar with the implications of a carbon border adjustment mechanism: higher operating costs, new compliance and reporting obligations and carbon accounting challenges."

''The Treasurer online - 17 May 2023.''

== See also ==
* [[Brexit]]
* [[Carbon Border Adjustment Mechanism]] (CBAM)
* [[Carbon credits]]
* [[Carbon footprint]]
* [[Carbon leakage]]
* [[Carbon-neutral]]
* [[Carbon tax]]
* [[Carbon Trust]]
* [[Corporate social responsibility]]
* [[Decarbonise]]
* [[Embedded carbon]]
* [[Emissions]]
* [[Environmental policy]]
* [[Environmental profit and loss]]
* [[Footprint]]
* [[International Institute for Sustainable Development]]
* [[Regime]]
* [[Regulation]]
* [[Renewables]]
* [[Streamlined Energy and Carbon Reporting]]
* [[World Trade Organization]] (WTO)

==Other resources==
*[https://www.treasurers.org/hub/treasurer-magazine/uk-considers-carbon-border-tax UK considers carbon border tax - The Treasurer online - 17 May 2023]
*[https://ec.europa.eu/taxation_customs/green-taxation-0/carbon-border-adjustment-mechanism_en Carbon Border Adjustment Mechanism - European Commission]
*[https://www.globalpolicywatch.com/2021/06/twelve-things-to-know-about-the-upcoming-eu-carbon-border-adjustment-mechanism/ The upcoming EU Carbon Border Adjustment Mechanism - Covington Global Policy Watch]
*[https://sdg.iisd.org/commentary/guest-articles/an-eu-carbon-border-adjustment-mechanism-can-it-make-global-trade-greener-while-respecting-wto-rules/ Can an EU CBAM make global trade greener while respecting WTO rules? - International Institute for Sustainable Development]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Technology]]