UK Tax - Emissions Trading Scheme and Air Passenger Duty
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UK Tax - Emissions Trading Scheme and Air Passenger Duty
I’m just trying to get my head around both the European Emissions Trading Scheme (ETS) and proposed reforms to Air Passenger Duty (APD).
ETS – Am I correct in thinking that if your helicopter is above 5,700 kilos, then you will need to be submitting an annual submissions report in 2012 with payments due in March 2013?
APD – I am aware that HMT’s reform of APD consultation closes today, but if the changes announced in the 2011 budget go ahead as written, am I correct in thinking that the charges (£170/Flt) will apply to all passengers in helicopters above 5,700 kilos and does this include Offshore O&G PAX as well as those flying VIP?
If my understanding of the APD charges are correct, then this is one hell of a charge for the O&G industry (£3,230/Flt for some platforms) or will O&G Heli-OPS be exempt?
ETS – Am I correct in thinking that if your helicopter is above 5,700 kilos, then you will need to be submitting an annual submissions report in 2012 with payments due in March 2013?
APD – I am aware that HMT’s reform of APD consultation closes today, but if the changes announced in the 2011 budget go ahead as written, am I correct in thinking that the charges (£170/Flt) will apply to all passengers in helicopters above 5,700 kilos and does this include Offshore O&G PAX as well as those flying VIP?
If my understanding of the APD charges are correct, then this is one hell of a charge for the O&G industry (£3,230/Flt for some platforms) or will O&G Heli-OPS be exempt?
