Originally Posted by
Hilico
By my calculations if they changed from 12.5% to the 'full' 17.5%, an hour's hire of a 206 would go up by a stonking £6.40. Outrageous!
(Edited - yes, I got the sums wrong first time).
Hilico You got your sums wrong the second time also;
The current tax on jet A1 is 5% not 12.5% as you seem to think. Therfore, the increase is from 5% to 17.5% an Increase of 12.5% or 3.5 times or 350% of the original!
So In the scheme of things this represents a massive increase in the duty operators pay. If your annual JetA1 fuel bill is say £100k then you'd currently pay out £5k in tax, if this legislation is passed then on the same £100k of fuel you'd pay £17.5k a massive increase in tax, A bit more of an issue when seen like this instead of "my 1 hour in a 206" don't you think?