BusinessCompany NewsBA slams ‘per plane’ tax in prelims

BA slams 'per plane' tax in prelims

BA warns of turbulence ahead as change from air passenger duty to per plane tax draws closer

BA has warned its shareholders that an overhaul of airplane tax system may
rock its fortunes in the future.

In releasing its final results today the aviation giant issued a rocket to
the Treasury which is replacing air passenger duty levies with a ‘per plane’
tax.

BA said: ‘HM Treasury announced its intention to replace Air Passenger Duty
with a new ‘per plane’ tax with effect from November 2009. This new tax will
distort competition and may adversely impact our revenue.’

The per-plane tax is based on emissions as opposed to the flat rate APD.
Aviation experts have said that the move could have environmental benefits over
and above the present per-passenger APD because it incentivises aircraft
manufacturers and airlines to reduce emissions and fuel consumption.

Further reading:

Fair
value hits ‘free’ flights

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor