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Manx Business Jets Spared From APD

by Jason Gorringe, Tax-News.com, London

26 October 2012


The Isle of Man's Treasury Minister, Eddie Teare, has confirmed that the island will not be following the United Kingdom's decision to subject business jets to Air Passenger Duty (APD).

This is the first time, since 1994, when APD was first introduced, that the Isle of Man has chosen not to maintain an equivalent regime to that in place in the United Kingdom.

Teare has confirmed that the island will not adopt the two measures newly introduced in the UK, namely: the extension of APD to all aircraft with 19 seats or more and a take-off weight of at least 5.7 tonnes; and the application of an enhanced rate of APD on aircraft of 20 tonnes or more with fewer than 19 seats.

Teare explained that the decision has been taken in support of the island's rapidly-expanding aircraft registry, which specializes exclusively in the registration of private- and corporate-owned business jets and twin turbine-engine helicopters. Isle of Man-registered aircraft cannot be used for commercial air transportation.

Teare commented: "The feedback Treasury received from the Department of Economic Development was that the vast majority of industry professionals and representatives saw the extension of APD to business jets as detrimental and contrary to the island’s aims to support and encourage further inward investment in the island’s growing aircraft sector. I hope that Treasury’s decision not to extend APD to business jets will send out the message to the aircraft sector that the Isle of Man gives you freedom to fly."

Hartley Elder, Director of Civil Aviation at the Department of Economic Development added: "Business aircraft owners and operators are a valuable and flourishing component of the island’s economy and they will be encouraged to visit the island by the Treasury’s decision not to extend APD to business jets. The Isle of Man is already recognized as the registration ‘one-stop shop’ for business aviation, with ourselves at the Aircraft Registry, our colleagues in Customs & Excise and the private sector delivering a first class service to the industry. This decision supports our work and underlines the island’s reputation as a business friendly location for the business aviation sector."

TAGS: Isle of Man | tax | business | air passenger duty (APD) | aviation | United Kingdom

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