UK drops VAT from carbon credits in effort to prevent fraud

clock • 2 min read

Government takes swift action to prevent burgeoning carbon offset fraud

The government today introduced legislation to remove VAT from carbon credits traded within the UK to prevent the risk of VAT fraud in the fast-expanding carbon trading sector. The new law, which takes...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Carbon Trading

Microsoft inks deal to buy carbon credits from US sustainable agriculture firm Indigo

Microsoft inks deal to buy carbon credits from US sustainable agriculture firm Indigo

Tech giant signs second offtake agreement with Indigo from its largest 'carbon crop' to date

clock 02 June 2025 • 3 min read
'Historic day': UK and EU strike deal to link Emissions Trading Schemes

'Historic day': UK and EU strike deal to link Emissions Trading Schemes

UK government announces wave of agreements to forge deeper cooperation with the EU on trade, security, fisheries, energy, and carbon emissions - but some key details are still to be confirmed

James Murray
clock 19 May 2025 • 9 min read
'Historic step': UN body adopts key rules underpinning Paris Agreement carbon market

'Historic step': UN body adopts key rules underpinning Paris Agreement carbon market

Standards governing how to measure a carbon credit project's actual emissions reduction impact among those adopted at key UNFCCC meeting last week

BusinessGreen staff
clock 19 May 2025 • 4 min read