United Kingdom

Details

  • Service: Tax, Indirect Tax
  • Type: Press release
  • Date: 05/12/2013

Autumn Statement 2013: Fuel duty - Today's measure saves motorists an additional 90p at the pumps, taking total savings today from duty freezes to £7 a fill 

Thursday 5th December 2013

 

Reacting to the fuel duty increase planned for September 2014 at today’s Autumn Statement, Mike Camburn, Indirect Tax Partner at KPMG said:

“The Chancellor announced that the proposed fuel duty increase of 1.16 pence per litre planned for September 2014 would be scrapped, saving motorists around 90p each time they fill up an average 55 litre tank.

 

“Cumulatively, with the various other duty freezes announced over the length of the Parliament so far, motorists are now benefitting from an average reduction of £7 each time they fill up a 55 litre tank.

 

“By the end of this parliament, average pump prices will be 20 pence per litre lower, saving motorists £11 by 2015/16, according to the Chancellor in his speech today.”


-Ends-

 

Follow us on twitter: @kpmguk #AS2013

 

www.kpmg.com/uk/autumnstatement

 

For further information please contact:

 

 

Media enquiries:

 

Nahidur Rahman, KPMG Press Office

020 7694 8812 (t), 0788191 6975 (m) or nahidur.rahman@kpmg.co.uk

KPMG Press Office: 020 7694 8773

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 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.  KPMG International provides no client services.

 

 

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