Oct 9, 2024, 9:16 AM
Oct 9, 2024, 9:16 AM

Government to Raise Air Passenger Duty in October Budget

Provocative
Highlights
  • A tax expert has indicated that Air Passenger Duty in the UK is expected to rise in the upcoming Budget.
  • Previous increases in 2024 have already made air travel costs steep, particularly affecting long-haul flights.
  • Travelers are urged to book holidays now to avoid higher prices due to potential future tax hikes.
Story

In the UK, a tax expert has raised concerns about a potential increase in Air Passenger Duty (APD) ahead of the upcoming Budget on October 30, 2024. This tax, imposed by HMRC on passengers flying from UK airports, is expected to rise again, following previous increases earlier in the year. The expert, Andy Wood from Tax Natives, noted that the current APD rates are already among the highest globally, significantly impacting the cost of air travel for families and holidaymakers. The anticipated hike could particularly affect long-haul travelers, as the financial burden increases with distance. With the ongoing cost-of-living crisis, the timing of this potential tax increase is seen as particularly challenging for many families planning vacations. Wood advises travelers to book their holidays now to avoid future price hikes, as the government may target smaller taxes like APD despite pledges not to raise major taxes such as income tax or VAT. He hopes the Chancellor will reconsider the proposed increase, taking into account the financial strain on British holidaymakers.

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