Section 95 and Schedule 12: Carbon Emissions Tax; Section 96: Charge for Allocating Allowances under Emissions Reduction Trading Scheme
A. Pirlot, “Section 95 and Schedule 12: carbon emissions tax; Section 96: charge for allocating allowances under emissions reduction trading scheme” (2020) British Tax Review pp. 490-497.
9 Pages Posted: 20 Feb 2021
Date Written: November 16, 2020
This short note first briefly describes the main features of the carbon emissions tax. Secondly, it highlights that the carbon emissions tax would mimic many design features of an ETS, which blurs the line between carbon taxation and emission trading. Thirdly, it discusses how such a carbon emissions tax could be the first step towards a simplified approach to carbon pricing in the UK. Finally, it concludes.
Note: This material was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ, in the British Tax Review as Section 95 and Schedule 12: carbon emissions tax; Section 96: charge for allocating allowances under emissions reduction trading scheme, (2020) British Tax Review pp. 490-497 and is reproduced by agreement with the publishers.
Keywords: Carbon Emissions Tax; EU ETS; UK ETS; Carbon Pricing
Suggested Citation: Suggested Citation