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Spring Statement 2018: More detail needed on dirty diesels tax, says KPMG

More detail needed on dirty diesels tax, says KPMG

Commenting on the announcements made by Phillip Hammond today, Justin Benson, head of automotive at KPMG

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Commenting on the announcements made by Phillip Hammond today, Justin Benson, head of automotive at KPMG, said:

 

“Today’s Spring Statement announcements about potentially reducing VED rates for those driving the cleanest vans, will be welcomed by the automotive industry. However, whilst it’s essentially an effective tax on old diesel vehicles, the Government hasn’t given enough detail on what “cleanest” actually means, and this is where more information is required.

 

“This is particularly important for carmakers when making investment decisions, so, more clarityis needed, and the time for that is now.”

 

 -Ends-

 

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#SpringStatement

 

For further information please contact:

KPMG Press office

Tel:  +44 (0) 207 694 8773

Jo Chileshe, KPMG
Corporate Communications

Mobile: 07919 211 803

Jo.chileshe@kpmg.co.uk

 

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

 

Jo Chileshe

Assistant Manager, Corporate Communications

 

KPMG LLP
                                                                  


One Snow Hill, Snow Hill Queensway   

Birmingham,

B4 6GH                                                                            


 

T: +44 (0)121 232 3343                         
                       


M: +44 (0)7919 211 803

 

jo.chileshe@kpmg.co.uk

kpmg.com/uk

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