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Consultation on the introduction of a UK carbon border adjustment mechanism

There is a consultation open regarding the introduction of a UK Carbon Border Adjustment Mechanism (CBAM). As an industry that is already being effected by the EU CBAM and as we are aware the UK is looking to follow with similar legislation. The following consultation document will be a key to establishing a workable understandable process which will become part of our statute.We would urge members to read this, and to participate in the consultation whilst we can.Please advise the BSSA (rob.cooper@bssa.org.uk) if you have participated in the consultation. You do not need to submit your responses to us but knowing of your participation will be very useful when we come the policy stage.

This consultation seeks views on proposals for the design and administration of the UK carbon border adjustment mechanism (CBAM) from 1 January 2027.

This consultation closes at
11:59pm on 13 June 2024

Consultation description

Following the consultation, “Addressing carbon leakage risk to support decarbonisation”, the government announced that it would introduce a CBAM from 1 January 2027 on imports of certain carbon intensive imported goods from the following sectors: aluminium; cement; ceramics; fertilisers; glass; hydrogen; and iron and steel.

This consultation, being undertaken jointly by His Majesty’s Revenue & Customs (HMRC) and His Majesty’s Treasury (HMT), sets out proposals for the design and administration of the mechanism.

The government invites views from interested parties, including importers and their agents, other businesses, individuals, tax advisers, trade and professional bodies and other interested parties, including those overseas.

Responses to the response form will be shared between HMRC and HMT.

If you are interested in participating in a roundtable discussion or want to be added to our CBAM mailing list, please contact cbampolicyteam@hmrc.gov.uk.

Responses should be provided to the response form (preferred) or by email to cbampolicyteam@hmrc.gov.uk.

Documents