| Sourced From Accountancyage.com |
The European Commission has approved a reverse payment scheme for VAT charges on carbon trading to reduce the risk of fraud.
The UK implemented a zero rate of VAT on carbon trading in September this year in the hopes of minimising fraudulent activity wiping off approximately
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EU’s Reverse VAT on Carbon Offsets Intended to Reduce Fraud · Environmental Leader · Green Business, Sustainable Business, and Green Strategy News for Corporate Sustainability Executives
on Oct 7th, 2009
@ 8:32 am:
[...] To cut down on fraud in the carbon trading market, the European Union is proposing a reverse payment scheme for value added taxes (VAT) on carbon trading, reports Carbon Offsets Daily. [...]