Hacked by Loard Mahdi

Read more...

Breaking news from the BBC Paper tax returns to be replaced by digital by 2020

Read more...

HMRC to improve bereavement service.

Read more...

VAT exemption for catering and other services linked to education

Read more...

HMRC tribunal victory on tax avoidance scheme.

Read more...

Contact Us
News Items
Tax Tips

Great with People
Brilliant with Numbers
Clear and Precise with Words


Call us now on 023 8083 6900 ABDS Home

News - 17 April 2013

Npower denies Tax Avoidance.

Npower has admitted to the Energy and Climate Change select committee that they have not paid corporation tax in the UK for three years as it has invested billions to "keep the UK's lights on".

Npower Chief Executive Paul Massara said: "Effectively we have invested £5bn in the last five years building power plants, creating jobs, creating employment and helping to keep the lights on. If we had not made that investment we would not have the deductibility that we would be allowed. That is a simple accounting UK rule.”

Npower reported a 34% rise in profits to £413m last year and their admission came just months after increasing prices by around 9%.

Prime Minister David Cameron's official spokesman said: "I wouldn't comment on an individual taxpayer.

"More broadly, the Prime Minister's view is that it is important that companies pay the tax that is due."

For business advice and a more personal approach, contact us now to see how ABDS  can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Great with People  Brilliant with Numbers Clear and Precise with Words

« Back to News