Revenue & Customs to restore VAT on carbon credits

James S Murray
clock • 2 min read

Reverse VAT on carbon credits to come into force as an anti-fraud measure from November

HM Revenue & Customs (HMRC) has announced that it will reintroduce VAT charges on carbon credits from November after removing the levy last year in response to a multi-billion euro tax fraud. British...

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

Study: Core Carbon Principle-labelled credits command 25 per cent price premium

Study: Core Carbon Principle-labelled credits command 25 per cent price premium

Demand for high-integrity credits driven by US, where carbon removals projects are issuing around 20 per cent of global supply, study finds

Stuart Stone
clock 05 December 2025 • 3 min read
Law firm Clyde & Co announces innovative five-year carbon removal deal

Law firm Clyde & Co announces innovative five-year carbon removal deal

Clyde & Co partners with Nature Broking on pioneering balance sheet treatment that transforms sustainability investment from cost to asset

clock 27 November 2025 • 3 min read
Study: Voluntary Carbon Market increasingly seen as 'proven' route for driving climate action

Study: Voluntary Carbon Market increasingly seen as 'proven' route for driving climate action

Two-thirds of sustainability professionals trust recognised VCM standards, but 46 per cent stress clearer policy is needed to further scale the market

Stuart Stone
clock 04 November 2025 • 5 min read