Paragraph 2 Duty to register with HMRC

United Kingdom

(1)

A person must register with HMRC if the person triggers registration.

(2)

A person triggers registration if—

(a)

it is the first day of the month and, during the preceding 12 months, the person imported into the United Kingdom CBAM goods with an aggregate value of £50,000 or more in the course of a business, or

(b)

the person is expected to import into the United Kingdom, in the course of a business, CBAM goods with an aggregate value of £50,000 or more before the end of a period of 30 days.

(3)

For the purposes of sub-paragraph (2)—

(a)

disregard any CBAM good—

(i)

in respect of which section 147 (2) applies (goods originating in the United Kingdom and returned goods), or

(ii)

that has been subject to the charge to CBAM by operation of section 145 (special customs procedures) and subsequently exported from the United Kingdom;

(b)

if a good is, or would be, subject to the charge to CBAM by operation of section 145 (special customs procedures) the value of the good is taken to be the amount of its value that is attributable to the CBAM good that entered, or would enter, the special customs procedure.

(4)

A person who triggers registration must register before the end of the period of 30 days beginning with the day on which the person first triggered registration.

(5)

When registering, a person must provide—

(a)

information specified by the Commissioners in regulations, and

(b)

a declaration that the person believes the information provided to be complete and correct.

(6)

An officer of Revenue and Customs may require a person to—

(a)

provide such information as the officer considers necessary in order to determine whether the person is required to register under this paragraph, and

(b)

provide that information within such period as the officer considers reasonable.

(7)

If it appears to an officer of Revenue and Customs that a person has triggered registration under this paragraph and has failed to register before the end of the period of 30 days in sub-paragraph (4), the officer may register the person.

(8)

If an officer of Revenue and Customs registers a person under sub-paragraph (7), the officer must notify the person of this.

(9)

The Commissioners may specify in a notice published by them the way in which a person is to register, provide information and make a declaration under this paragraph.

(10)

For the purposes of this Part of this Act—

(a)

a person is a “registered person” if the person—

(i)

has registered, or been registered by an officer of Revenue and Customs, under this paragraph, and

(ii)

has not been deregistered (see paragraph 3);

(b)

a person is a “registrable person” if the person—

(i)

has triggered registration under this paragraph, but

(ii)

has not registered, or been registered by an officer of Revenue and Customs, under this paragraph;

(c)

references to registering or a registration are to registering or a registration under this paragraph.