Jet fuel tax could generate £6 billion a year


Jet fuel tax could generate £6 billion a year

Tuesday, 17 Sep, 2024 4

A new tax proposal on jet fuel being touted by campaigners could add nearly £6 billion to government coffers.

Thinktank Transport and Environment (T&E) UK suggests that a ‘fair’ tax imposed on jet fuel could generate between £400 million and £5.9 billion.

T&E UK wants the Chancellor to impose a fuel duty and suggests an initial rate of 9p per litre.

It should be tied to incremental increases similar those for road fuels by 2030.

It is time for the aviation industry to pay its fair share, the group says.

“With a £22bn black hole staring the country in the face, the chancellor needs to pursue any and all avenues to raise funds. The baffling lack of meaningful taxation of the aviation industry is a slap in the face of drivers, farmers and our ailing rail system,” said T&E UK policy manager, Matt Finch.

“For the sake of the economy and the environment, it’s time to end the unfair anomaly that allows the aviation sector to pollute with impunity while not paying any tax.”

Tim Alderslade, CEO of Airlines UK argues the industry pays its fair share.

“The aviation industry contributed £3.85bn last year through air passenger duty. The phasing out of UK ETS free allowances for airlines is due to raise between £1.6bn and £4.1bn between 2026 and 2033.”

“The sector is fully committed to net zero emissions by 2050. The UK is in prime position with government and industry working together to lead the transition to a net zero future without hurting passengers.” 

Related News Stories:  Sustainable Archives – Page 53 of 748 – TravelMole     Tiger Airways claims to be truly the only low fare airline in Australia …     United orders SAF for Chicago flights     Air Astana – TravelMole    



Related News Stories:  Taxing kerosene on flights could raise £6.7 billion a year for the ...     FACT SHEET: Biden Administration Advances the Future of ...     Delta Air Lines Announces December Quarter and Full Year 2023 ...     Tax Incentive Evaluation: Georgia's Jet Fuel Exemption     Lawmakers Might Come to Regret Georgia's Risky Tax Plan ...     Sustainable Aviation Fuel (SAF): In Brief     THE COST OF ACHIEVING NET-ZERO CARBON IN AVIATION     Low Carbon Fuel Standard 2023 Amendments - Standardized ...     Chicago households making $100K targeted by Brandon Johnson ...     In 2009 the Board approved the LCFS regulation to reduce the ...    



 


profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari