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Global Trade Alert

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United Kingdom: HM Treasury announces the UK Carbon Border Adjustment Mechanism

Description

On 18 December 2023, the UK Treasury announced that the UK will implement a new import carbon pricing mechanism by 2027. The levy will be applied to the most emissions-intensive industrial goods impor...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

No implementation date

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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