Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Canada | Publication | August 2019
On May 17, 2019, in Information Bulletin 2019-5, the Quebec Ministry of Finance announced that it would now be mandatory to disclose to Revenu Québec nominee agreements that have tax consequences by filing an information return. The Bulletin provided that for nominee agreements concluded prior to May 17, 2019, the return must be filed no later than September 16, 2019 and that for those concluded on or after May 17, 2019, the return must be filed no later than 90 days following the conclusion of the nominee agreement.
On August 22, 2019, Revenu Québec announced that the deadline for filing information returns would be extended to the 90th day following the day the bill introducing the new measures receives assent. No bill has yet been introduced to this effect and, as a result, it will be several months before the new obligation comes into force.
The May 17, 2019 Bulletin raised many comments within the tax community, particularly regarding the fact that failure to introduce a bill made it difficult to understand this obligation’s precise scope of application.
The August 22 announcement helps to clarify these uncertainties for it is extending the filing deadline until the scope of this new obligation is more precisely defined.
You will be sent an update once the legislation referred to in the Ministry of Finance’s Information Bulletin is adopted.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
Publication
In April 2024, the UK Government published details of its sustainable aviation fuel mandate (the UK SAF Mandate) and launched a consultation on proposals for a revenue certainty mechanism to support UK sustainable aviation fuel (SAF) production.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023