2012 Chancellors Autumn Statement – Principal Changes – Other Taxes – Fuel Duty, Air Passenger Duty (APD), Inheritance Tax (IHT)

  • In a move that will delight motorists the 3.02 pence per litre Fuel Duty increase that was due to take effect on 1 January 2013 will be cancelled and the increase that was planned for 1 April 2013 will be deferred until 1 September 2013.
  • From the 1 April 2013 APD rates will increase based on the Retail Price Index increase for September 2012.
  • The IHT nil-rate band was frozen at Budget 2010 at its current level of £325,000 until April 2015. For 2015-16 the band will be increased by 1% rounded up to £329,000.

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