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Daily Tax Report: International

U.K. Loses Tax Dispute Against Scottish Power Company

Nov. 6, 2019, 3:56 PM

The U.K. tax office lost a legal dispute with a Scotland-based power company over tax deductions it claimed for expenses related to the construction of a dam.

  • In a decision published Nov. 6, the Upper Tribunal Tax court allowed 200 million pounds ($258 million) of the 260 million pounds SSE Generation Ltd. claimed in deductions linked to the costs of plants and machinery that the tax office had denied.
  • Her Majesty’s Revenue and Customs disputed the amount claimed by SSE Generation, saying it didn’t qualify as plant and machinery costs.
  • A lower court had ruled in SSE...
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