- From 1 September 2024, the sale of voluntary carbon credits in the UK will be standard rated for VAT purposes
- Voluntary carbon credits are certificates that verify the reduction of carbon dioxide from the atmosphere
- HMRC has changed its view on VCCs due to the emergence of a secondary market
- Most VCCs will be subject to VAT at the standard rate, but some activities will remain outside the scope of VAT
Source: charteredaccountants.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
