ABOUT US REPUTATION AND SUSTAINABILITY PRESS ROOM INVESTORS SUPPLIERS CUSTOMERS NETWORKS RENEWABLES Search CORPORATE SOCIAL RESPONSIBILITY COMMUNITY SPONSORSHIP CANCER RESEARCH UK PARTNERSHIP A RESPONSIBLE TAX PAYER IBERDROLA AGAINST CLIMATE CHANGE You are in | Reputation and Sustainability > A Responsible Tax Payer A Responsible Tax Payer Share in: In addition to being a major employer and provider of energy and related services, ScottishPower makes a significant contribution to the national economy as a responsible tax payer. Companies in the ScottishPower group seek to be open, honest and transparent in dealings with the tax authorities and to comply with both the letter and the spirit of tax laws set by Government. The group remits taxes due on a timely basis, and has a relationship with HM Revenue and Customs based on mutual trust and cooperation. ScottishPower does not enter into artificial arrangements to exploit the tax system by reducing tax payable in ways which were not envisaged by Government. Companies in the group do take advantage, however, of available reliefs and concessions, many of which are designed to encourage activities or practices that the government believes are beneficial to the national economy. Generation, transmission and distribution of electricity require significant investment in property, plant and equipment and the group benefits from reliefs which allow a greater proportion of the capital costs of these items to be expensed in the calculation of taxable profit in earlier years of operation. This has no effect on the total amount of Corporation tax payable during the life of the asset, but it results in lower tax payments initially. In the year to 31 December 2012, Scottish Power paid a total of £233 million to the UK Government in respect of Corporation tax, business rates, and employers' National Insurance Contributions. About Us A Great Company Management Team Our Major Projects Careers ScottishPower Foundation Electricity Market Reform Investor Information Corporate Governance Fixed Income Shareholders Investor Contacts Press Room Press Releases Video Library Reputation and Sustainability Corporate Responsibility Community Cancer Research UK A Responsible Tax Payer Customers Emergency Information Energy Efficiency My Online Energy Account Energy Products Get a Quote Renewables Onshore Wind Offshore Wind Whitelee Visitor Centre Networks Connections, Power Loss & Emergencies Connecting to our Network Contact Information Regulatory Documents Safety Tag Cloud cancer research uk electricity energy efficiency energy people trust foundation gas iberdrola investment investors power stations renewables results shareholders smart metering sp energy networks sponsorship wind power Iberdrola Iberdrola Website Follow us on... Twitter YouTube Facebook LinkedIn Blog © 2014 Scottish Power Ltd. All rights reserved. legal privacy accessibility contact us site map