LTM and UK CBAM: Difference between pages

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Last Twelve Months.
''Environmental policy - emissions - regulation - UK.''


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


A time period used in evaluating performance over time.


For example, LTM unit sales, sales revenue, profit measure or profitability ratio.
:<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.


Many smaller bodies report annual figures, only once per year.  
: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.


Often for larger organisations, each time relevant figures are available for investors, it will be when the firm reports - often quarterly or half-yearly.  
: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."


Within an organisation, commonly monthly accounts are produced, but some matters - unit sales, injury-causing accidents, for example - will be reported on more frequently.
:''The Treasurer online - 17 May 2023.''


As well as use in performance evaluation, LTM figures can also be useful in detecting irregularities such as fraud, false accounting, etc.


== 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 concerns]]
* [[Environmental profit and loss]]
* [[Footprint]]
* [[International Institute for Sustainable Development]]
* [[Policy]]
* [[Public policy]]
* [[Regime]]
* [[Regulation]]
* [[Renewables]]
* [[Streamlined Energy and Carbon Reporting]]
* [[World Trade Organization]] (WTO)


LTM figures are sometimes referred to as "moving annual" or "rolling annual" figures and may, for example, be expressed as "moving annual total" (abbreviated to MAT).


==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]


Also known as ''Trailing'' Twelve Months (TTM).
[[Category:Accounting,_tax_and_regulation]]
 
 
==See also==
*[[Association of Corporate Treasurers]]
*[[Cost per unit]]
*[[False accounting]]
*[[Moving average]]
 
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Technology]]

Latest revision as of 07:58, 31 May 2023

Environmental policy - emissions - regulation - UK.

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


Further complications
"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 [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."
The Treasurer online - 17 May 2023.


See also


Other resources

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