EMEA > UK codifies some voluntary carbon credits as taxable under national regulations

UK codifies some voluntary carbon credits as taxable under national regulations

Published 16:28 on May 13, 2024  /  Last updated at 16:31 on May 13, 2024  / /  EMEA, Nature-based, UK ETS, Voluntary

The UK will tax sales of some voluntary carbon credits (VCCs) at 0% and others at 20% by bringing them under the umbrella of the country’s ‘value-added tax’ (VAT) on goods and services, though others will remain entirely outside the scope of the scheme.
The UK will tax sales of some voluntary carbon credits (VCCs) at 0% and others at 20% by bringing them under the umbrella of the country’s ‘value-added tax’ (VAT) on goods and services, though others will remain entirely outside the scope of the scheme.


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