Carbon trading fraud defence solicitors

We have a team of expert fraud lawyers experienced in defending carbon trading fraud. These types of fraud are complex and you will need expert legal advice from the outset. There is often a huge amount of documentation and you need a team experienced at dealing with large scale fraud. Carbon trading fraud or carbon emissions fraud is based on the European Union Trading System for buying carbon permits. Carbon emission permits were introduced in an effort to cut carbon emissions.

loading staff

Carbon trading fraud

Fraudulent activity in this area works in a similar way to the MTIC or carousel frauds which has been historically based in the telecommunications industry or computer components industry. The fraud begins by a dishonest trader registering to be able to trade carbon permits in the European Union Trading System. The trader then starts buying carbon permits in another EU country free of VAT and sells them on inclusive of VAT. That trader then disappears with accounting for the VAT.

In more sophisticated scams the traders act in the same way as MTIC/carousel frauds are operated and send the carbon permits round in a circuit between various countries reclaiming the VAT repeatedly. It has been the different tax regimes across the EU that has allowed this to happen. The HMRC have been now added similar measures such as the reverse charge to tackle this area of fraud. The UK also in 2009 as a temporary measure introduced zero rated VAT for carbon permits.

We're widely accredited for our work - regulatory & criminal justice

  • Legal 500

It is our business to deliver legal services that work for our clients, you can trust our specialists to take care of things on your behalf. Over the years our regulatory and criminal justice team has been recognised by industry awards and accredited for their excellence.

Memberships & accreditations

Fraud investigations

The investigations into this fraud are far reaching and cover many countries. Although measures are in place to try and tackle this arrests and prosecutions will still be happening for activities before those measures were in place. As such it is important to be aware that should you be investigated for an offence of this nature that you should seek specialist advice immediately. We have considerable expertise in this area.

Our experienced team of serious fraud lawyers has the expertise and knowledge to look at the required level of detail to defend you. Contact our expert fraud solicitors on 0203 816 9274 or complete our online enquiry form.

8.2 out of 10
Trustpilot logo4-stars on trustpilot Based on count 285

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

I am undergoing a stressful time and I am very pleased with all the help and advice given by Stephensons. They have been excellent with their communication whether by emails or telephone calls and explain in detail everything I need to know of my situation. I highly recommend them.
View from a serious fraud & business crime client

Businesses and individuals face prosecution for the sale of 'grey goods'

‘Grey goods’ are goods that are genuine in that they have been manufactured by, or on behalf of, an official brand owner. However, the goods have not been authorised by the brand owner for sale. The market for these goods is known as...

Read more

Twitter block 1 tweet

Could your tree help Christmas come early?

The crisp mornings and dark evenings are upon us and Christmas is quickly approaching with decorations starting to go up all over the country. To get us into the festive spirit we’d love for you to share a snap of your Christmas tree with us....

Read more

Staff reoder - serious fraud

  • Sean Joyce
  • Neal Boland
  • Martyn Walsh
  • Priscilla Addo-Quaye
  • Lucy Cohen
  • Shahnaz Sargent
  • Martin Jones

We're always here for you

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.

Find your nearest Stephensons office and arrange a meeting

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.