Npower has admitted that the company hasn’t paid UK corporation tax for three years after coming under fire over rising electricity and gas bills.
Paul Massara, the firm’s chief executive, claimed it was because of a “simple accounting UK rule,”
MP Ian Lavery said: “In the past three years RWE Npower has reported profits totalling £766m – yet today they admitted they have not paid a single penny of corporation tax over that period. People who pay their taxes unquestioningly are sick and tired of seeing hugely profitable companies use every trick in the book to get out of contributing their fair share. Hard-pressed people struggling with sky-high energy bills will be absolutely astonished that an energy company which makes hundreds of millions in profits doesn’t appear to be paying its fair share in tax.”
Paul Massara, the firm’s chief executive, claimed it was because of a “simple accounting UK rule,”
MP Ian Lavery said: “In the past three years RWE Npower has reported profits totalling £766m – yet today they admitted they have not paid a single penny of corporation tax over that period. People who pay their taxes unquestioningly are sick and tired of seeing hugely profitable companies use every trick in the book to get out of contributing their fair share. Hard-pressed people struggling with sky-high energy bills will be absolutely astonished that an energy company which makes hundreds of millions in profits doesn’t appear to be paying its fair share in tax.”
No comments:
Post a Comment