Advertisement

  1. National

Energy firms 'avoiding tax'

Power giants are using a legal loophole to avoid paying millions of pounds worth of tax, The Independent on Sunday has revealed. Scotia Gas, UK Power Networks and Electricity Northwest have reportedly saved £140 million between them in such deals.

View all 9 updates ›

Danny Alexander: I'm livid about tax avoidance

Chief Secretary to the Treasury Danny Alexander told BBC1's Andrew Marr Show he is "livid" about energy firms that avoid tax and said everyone needs to pay their "fair share".

My message to any company that is engaged in aggressive tax avoidance is to stop it.

People are rightly livid about companies and individuals avoiding paying the proper amount of tax. I'm livid about that. It's something which is not acceptable at any time, but particularly at a time when we are going through tough spending choices.

Everybody needs to pay their fair share.

– Chief Secretary to the Treasury Danny Alexander

More top news