11 FEBRUARY 2013
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A report from accountants PricewaterhouseCoopers, commissioned by British Airways, easyJet, Ryanair and Virgin Atlantic suggests that APD is costing the UK 0.45% in GDP per year, and nearly 60,000 jobs between now and 2020, and that lower APD levels would result in higher revenues for the Treasury from a boost in growth.
The report is an analytical review of the tax written in the manner of a Treasury report. The anomaly of a capital to capital tax (except for Russia) is not mentioned, nor the fact that passengers making a domestic return flight pay twice (also breaking the capital to capital rule).
Darren Caplan, Chief Executive of the Airport Operators Association (AOA), said:
“This authoritative report provides real evidence to support what the Airport Operators Association and the Fair Tax on Flying campaign have been saying, that APD is a tax on jobs and growth that has been damaging UK Plc. Scrapping the planned increase in the tax at the next Budget in March could make an important contribution to the revival of the UK economy, and provide space for the Treasury to conduct its own study into the impact eye-wateringly high levels of APD are having on the UK economy”.
There is a 24-page summary. http://corporate.easyjet.com
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