UK failure to seal EU tax exemption hands industry mountain of paperwork
Brussels confirms Christmas carve-out from green levies will not happen, leading to Brexit-style requirementsUK manufacturers are to be hit with mountains of Brexit-style paperwork in January on £7bn worth of...
By Lisa O’Carroll · The Guardian World
Brussels confirms Christmas carve-out from green levies will not happen, leading to Brexit-style requirements UK manufacturers are to be hit with mountains of Brexit-style paperwork in January on £7bn worth of exports to the EU after the government failed to secure an expected exemption from new green taxes. The UK had hoped to secure a carve-out by Christmas on the carbon border adjustment mechanism (CBAM), but EU commissioners have confirmed this is not going to happen. Continue reading...