George Osborne to stop energy firms exploiting £900m tax loophole

Chris asks an energy fat cat about this new dodge...

SOURCE TELEGRAPH: George Osborne to stop energy firms exploiting £900m tax loophole
The Chancellor said gas and electricity companies have attempted to "unfairly" claim up to £900m in tax relief. The utility firms were claiming on expenses paid, in fact, by their business customers. The expenses are for changes and improvements made to supply lines, done by the energy firms, but paid for by those businesses. Osborne promised to change the law to prevent companies making such claims.

OUR RELATED STORIES:

Have regulators in other sectors learned the lessons of the bad bankers? OFGEM's piffling "record" fine on energy firm SSE for mis-selling suggests not

Liebrary: Are energy companies really forced to raise prices due to high wholesale prices?

A British politician, the Prime Minister no less, promises to legislate that Britons must not be ripped off!

OFGEM misses another opportunity to control rip-off energy bills by improving energy price transparency

Liebrary: Are Britain's energy companies' charges for domestic gas & electricity really the lowest in Europe?