Pre-Budget Report 2009 - KPMG comments on the environmental measures announced in the PBR
Companies signed up to Climate Change Levy will see bills rise by 1.5%
Wednesday, 9 December 2009
Barbara Bell, Senior tax manager at KPMG said :
"The Chancellor attempted to sign off a green budget today with many worthy sentiments on supporting energy efficiency and developing new low-carbon technologies. However, there was very little new thinking, and energy intensive businesses will feel let down at the increase in the rate of the Climate Change Levy which will see their energy bills rise by up to 1.5% a year by 2011.
"On the plus side, the scrappage scheme for older boilers will hopefully prove as successful as the scheme was for the automotive sector bringing a much needed boost to the manufacturing industry whilst safeguarding and creating some new jobs. As consumers produce the greater part of their carbon footprint from their cars and domestic fuels, it is good to see an incentive being introduced to improve domestic energy efficiency.
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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 11,500 partners and staff. The UK firm recorded a turnover of €2.2 billion in the year ended September 2008. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 148 countries and have more than 113,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.