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Supreme Court blocks Scottish Power’s £28m tax write-off
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Supreme Court blocks Scottish Power’s £28m tax write-off
Scottish Power is bracing for a million-pound tax bill after losing a protracted legal battle with HMRC. The Supreme Court has ruled that the energy giant cannot deduct £28m in regulatory settlement payments from its taxable corporate profits. The legal case stems from a probe by the energy regulator Ofgem into Scottish Power between 2013 [...]
21 Oct, 10:19
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