AIR PASSENGER DUTY (APD)
Children under 12 will be exempt from APD on economy class fares from 1 May 2015. This will be extended to children under 16 from 1 March 2016.
LANDFILL TAX LOWER RATE
A loss on ignition testing regime on ines produced from the processing of waste at mechanical treatment plants will be introduced from 1 April 2015.
Only qualifying ines below a 10% threshold will be considered eligible for the lower rate, though there will be a 12 month transitional period where the threshold will be 15%.
Talk to us about how the Chancellor’s 2014 Autumn Statement announcements may impact on your personal and business tax planning.