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.
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