News today is that BCarbon, a Houston-based carbon credit registry, has issued its first international soil carbon credits in the United Kingdom. They say that this is part of a major initiative to reverse climate change by using farmland to pull harmful carbon from the atmosphere. The UK partner company is Future Food Solutions which has established what it calls its Carbon Bank programme. Some of our clients are actively watching the development of these types of markets and we will be keeping a close eye on this and other similar projects.

HMRC guidance about the taxation of ecosystem services
HMRC published its long awaited technical note on the taxation treatment of income and expenditure on biodiversity net gain (BNG) units, nutrient

