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ICAEW responds to new carbon levy on imported goods

Author: ICAEW

Published: 18 Dec 2023

Ed Saltmarsh, ICAEW Technical Manager, VAT and Customs, responded to the announcement today (Monday, 18 December 2023) that the UK is set to launch a carbon levy on imports of iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass and cement by 2027:

“The carbon levy is a positive and essential step in decarbonising the UK economy and levelling the playing field between imported and domestic goods. However, it will bring significant administrative challenges for affected businesses, which will have to measure and verify embedded emissions on relevant imports.

“This levy will be the biggest change to UK trade policy since Brexit, and the next few years will require substantial preparation by businesses. Government must prioritise close consultation with industry to provide clarity on the details and to ensure the administrative burden is minimised while ensuring the levy achieves its aim of decarbonising the economy.”


Notes to editors:

CONTACT: ICAEW media office stephen.froome@icaew.com or 07970 402 073