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Aviation EU ETS

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The Greenhouse Gas Emissions Trading Scheme (Amendment) Regulations, SI 2018/306, implement three changes to the aviation EU ETS with effect from 31 March 2018, following amendments to the EU regulation.

The changes:

  • extend the temporary ‘stop the clock’ derogation which restricts reporting obligations to intra-EEA flights until 2023;
  • lower the simplified reporting threshold to operators emitting less than 3,000 tonnes of CO2 per annum on intra-EEA flights; and
  • extend the exemption for small operators emitting less than 1,000 tonnes of CO2 per year until 2030. BEIS consulted on a draft of these regulations during December and January.
Issue: 1391
Categories: News , Indirect taxes , VAT
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