Commentary

RCB/52/07 VAT—place of supply of trading allowances in greenhouse gas emissions (update)

Part V16 Forms and other HMRC material

RCB/52/07 VAT—place of supply of trading allowances in greenhouse gas emissions (update)

RCB/52/07 VAT—place of supply of trading allowances in greenhouse gas emissions (update)

Revenue & Customs Brief, Issue 52. 22 August 2007

Background

Business Brief 28/04 stated that the place of supply of emissions allowances under the EU Emissions Trading Scheme (EU ETS), when traded crossborder, is the place where the customer belongs. However, we were, at that time, unclear about the nature and purpose of other greenhouse gas emission instruments that existed, and since then other greenhouse gas emissions instruments have emerged, with differing objectives.

Having now clarified our understanding of the nature and purpose of these various greenhouse gas emissions instruments under the different Schemes that are currently being, or will be in future,

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