Tuesday 22 March 2011

Budget 2011: Osborne to unveil private jet flight tax

The Chancellor George Osborne will announce in the Budget a tax on private jet flights as part of a crackdown on tax loopholes, the BBC understands. Travellers using corporate jets do not currently have to pay any duty.

Airline passengers will also see passenger duty frozen this year, it is understood.

Mr Osborne wants to raise an extra £1bn a year by tackling tax avoidance - targeting the wealthy and businesses, it is believed.It will be billed as the biggest tax avoidance crackdown for several years.

Full story at: http://www.bbc.co.uk/news/business-12813681