Country Profile: United Kingdom

Uwiano wa Kodi kwa Pato la Taifa: 35.3%

Aviation: Yes- Tax in place

  • Ushuru wa Abiria wa Hewa (APD)
    • Domestic flights: £ 7 kwa darasa la chini; £14 kwa madarasa mengine yote; £84 kwa jeti binafsi
    • Safari za ndege za mwendo mfupi (chini ya maili 2,000): £ 13 kwa darasa la chini; £28 kwa madarasa mengine yote; £84 kwa jeti binafsi
    • Safari za ndege za masafa ya kati (maili 2,001–5,500): £90 kwa darasa la chini; £216 kwa madarasa mengine yote; £647 kwa jeti binafsi
    • Safari za ndege za masafa marefu (zaidi ya maili 5,500): £94 kwa darasa la chini; £224 kwa madarasa mengine yote; Pauni 673 kwa ndege za kibinafsi
  • Beneficiary of aviation tax: National Treasury. Revenues are not earmarked.

Chanzo: Tume ya Ulaya: CE Delft na Kurugenzi Mkuu wa Uhamaji na Usafiri, Ushuru katika uwanja wa anga na athari zao - Mwisho report, Publications Office, 2019

Financial Transactions Tax (FTT): Yes – tax in place

Stamp Duty

  • The first is stamp duty which applies to instruments that transfer certificated shares  at a rate of 0.5%.
  • The transfer is generally processed with a stock transfer form.
  • No stamp duty is charged on: share transfers valued under £1,000, property that passes to the purchaser by delivery, transfers of U.K. government securities and other non-convertible loan stock, transfers between associated U.K. or foreign companies (subject to certain conditions), transfers under which a beneficial interest does not pass, eligible AIM (Alternative Investment Market),
  • High Growth Segment securities, gifts.

Stamp Duty Reserve Tax (SDRT)

  • Applies to the oral or written agreement to transfer chargeable securities (usually electronic paperless share transactions in CREST) at a rate of 0.5%.
  • Included in the definition of such securities are shares of a U.K.-incorporated company, shares of a foreign company with a register in the U.K., share purchase options, subscription rights, an interest in shares, such as an interest in the proceeds earned from selling shares.
  • Exemptions from SDRT are available for transfers of listed securities to intermediaries who are members of a stock exchange in an EEA, or members of a recognized foreign stock/option exchange, stock lending and repos of listed securities on exchange, transfers of units in exchange traded funds, eligible AIM and High Growth Segment securities, transfers to charities.
  • Stamp Duty Reserve Tax (SDRT) at 1.5% will apply if a transfer of shares into some ‘depositary receipt schemes’ or ‘clearance services’ takes place. This is when the shares are transferred to a service operated by a third party such as a bank (Burnleit and Girlat 2018, 12).

Source: Not specified

Oil & Gas Revenues:

  • Total government revenue from oil & gas in 2022: $7.6 billion
  • Share of oil & gas activity covered: 56.6%

These figures represent an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.

Source: PBPT

Carbon Pricing: Yes – Carbon pricing instrument in place

  • Instruments: National Carbon tax, National ETS
  • % of emissions covered: 0.13, 0.28
  • Price: £18 (US$22.62), £35.86 (US$45.06)
  • Revenue: £804 million (US$994 million), £4,203 million (US$5,201 million)
  • Sectors covered: Electricity and heat, Electricity and heat, Industry, Mining and extractives, Aviation
  • Offsetting: Not permitted, Not permitted

Source

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