Policy paper

Revenue and Customs Brief 7 (2024): VAT Treatment of Voluntary Carbon Credits

This brief explains the VAT treatment of voluntary carbon credits from 1 September 2024, including the voluntary carbon credits that will be in the scope of the Terminal Markets Order.

• From: HM Revenue & Customs
• Published: 9 May 2024

Documents

Revenue and Customs Brief — VAT treatment of voluntary carbon credits

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Details

This brief explains:

• the VAT treatment of voluntary carbon credits from 1 September 2024
• the voluntary carbon credits that will be in the scope of the Terminal Markets Order

This guidance affects businesses and their agents in the environmental services market, who create, buy or sell voluntary carbon credits.

You should read this brief if you purchase or sell voluntary carbon credits or if you are an exchange that operates voluntary carbon markets.

Published 9 May 2024