“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 firstname.lastname@example.org or 07970 402 073