According to reports, if successful the legal challenge would force the
government to repay ?2bn.
Gordon Brown doubled the duty in December’s pre-Budget report, taking the
levy on short-haul flights to ?10 from 1 February and on long-haul to ?40.
The FTO claims that under international laws included in European legislation
in 2004 the government is not entitled to impose charges on aircraft solely for
the right of transit over, or flying in or out of Britain from another country.
The Treasury though has defended the legality of the tax.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals