Brin Rajathurai

Apr 5, 2024 | jdsupra.com | Ying-Peng Chin |Tom d'Ardenne |Brin Rajathurai

In 2027, the UK will introduce a carbon border adjustment mechanism (CBAM) on imports of certain carbon intensive goods. The CBAM will impose a charge on the emissions embodied in relevant imports that take place on or after 1 January 2027. Businesses that are directly or indirectly involved in the importation of relevant goods into the UK will be keen to decipher the CBAM’s implications.

Jan 3, 2024 | jdsupra.com | Sadia Khan |Brin Rajathurai |Charles Yorke

In 2003, the UK Government introduced the CITR scheme to provide private investors with a significant tax incentive to finance enterprises within disadvantaged communities through accredited CDFIs. Whilst a similar scheme is now well-established in the US, providing more than USD5.5 billion in funding since its inception, activity in this area in the UK has been limited but is slowly beginning to ramp up due to a recent change in UK law which increases the limits on the amounts accredited...

Dec 20, 2023 | jdsupra.com | Lydia Challen |Brin Rajathurai |Matthew Townsend

The UK has finally confirmed that it will be following the EU and introducing its own Carbon Border Adjustment Mechanism (CBAM) to be implemented by 2027. It published the eagerly awaited outcome of its consultation on this on 18 December. It is also consulting on further changes to the UK Emissions Trading Scheme (ETS). In this article we consider the current position in the UK and future direction for policy in this area.

Jul 21, 2023 | jdsupra.com | James Burton |Mitchell Fraser |Brin Rajathurai

European summer might well be in full swing, but that has not stopped the OECD from pushing ahead with the implementation of its Two-Pillar reforms to international taxation.

Jul 3, 2023 | jdsupra.com | James Burton |Naomi Lawton |Brin Rajathurai

The UK continues to progress its implementation of the OECD’s Pillar Two reforms, with further legislative progress and publication of draft guidance by HMRC. Pillar Two is the series of rules designed and agreed by OECD Inclusive Framework jurisdictions with a view to setting an effective global minimum corporation tax rate of 15% for certain multinational groups of companies.