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 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…