Presently, travelers using private jets do not have to pay any taxes. The Chancellor, George Osborne, is working towards placing a tax on private jet fliers in order to bring down the budget deficit in Britain, as part of a crackdown on tax loopholes, as reported by the BBC.
Mr. Osbourne looks to raise an extra 1 billion pounds a year targeting the wealthy and businesses avoiding taxes. He will consult on whether to extend air passenger duty to private jets or introduce a new tax on them.
As far as Mr. Osbourne is concerned, this is part of a drive to make the rich pay their fair share of tax. Jet charters will be even more expensive when traveling into Great Britain if Chancellor Osbourne has anything to do with it!
