AQW 8311/22-27 Written question to the Minister of Finance
To ask the Minister of Finance, in light of the increase in the rate of Air Passenger Duty announced by the UK government, to detail the resulting cost to the Executive's budget.
Asked by Eóin Tennyson MLA on 6 March 2024
- Answered
- Written
- Tabled
- 6 March 2024
- Answer due by
- 22 March 2024
- Answered
- 14 March 20248 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
The changes announced at Spring Budget 2024 to Air Passenger Duty (APD) will not have a direct impact on the adjustment that is made to the Executive’s budget in relation to the devolution of direct long haul APD rate setting powers.
This adjustment is linked to the overall growth in long-haul passenger numbers departing airports across Britain and the North, not rates or revenues.
The reduction to the Block Grant for 2024-25 remains £2.445m. Future adjustments will be determined at the next Spending Review.