In the field of excise duties, product losses under a tax suspension regime are linked to a taxable event in a negative sense, since it would not be possible to release the product for consumption.

The UK Chancellor has announced that he intends to implement a new import carbon pricing mechanism by 2027.

Source: Law concerning the general scheme regarding excise duties Law of December 22, 2009, published on December 31, 2009

If the actual stock of excise goods in the Registered Consignee's Warehouse is smaller than the stock that should be present according to the records, it constitutes a shortage.

In the field of excise duties, product losses under a tax suspension regime are linked to a taxable event in a negative sense, since it would not be possible to release the product for consumption.