Aviation Security Levy

HC Deb 13 May 1981 vol 4 c272W

Mr. Colvin

asked the Secretary of State for Trade whether he proposes any change in the rate of the aviation security levy before 1 April 1982.

Mr. Eyre

Fresh estimates of income and expenditure have been prepared which suggest that the aviation security fund will accumulate a substantial surplus by the end of the present financial year if the levy is left at its present rate of £1.60. I have therefore decided subject to the approval of Parliament to reduce it to £1.50 from 1 August 1981. Draft amendment regulations will be laid shortly. I will consider in November, in the light of revised estimates, whether there is need for any further change in the levy from 1 April 1982.