SSE has been ranked the 15th largest corporate taxpayer in the UK, in the annual PWC UK Total Tax Contribution (TTC) survey – despite being only the 30th largest company in the FTSE 100. This follows SSE’s accreditation in October as the first FTSE 100 company to be awarded the Fair Tax Mark.
The company registered in Scotland, Perth, is the first energy company to pay the living wage to all of its employees (20,000+) And the first energy company to freeze prices until 2016.
SSE which now offers Phone & Broadband has been named of one the 15th highest tax contributors in the UK.
Gregor Alexander, SSE’s Finance Director said: “Paying our fair share of tax is important to SSE. That is why last month we were proud to be the FTSE 100 company to be accredited with the Fair Tax Mark. The results of the PWC TTC survey again reinforce the impact of the positive approach SSE takes on tax, with our ranking for total taxes paid being significantly higher than our position in the FTSE 100.
“While the amount of tax we pay on our profits through Corporation tax matters to many people, and rightly receives a lot of scrutiny, the PWC TTC survey usefully focusses on the total taxes borne by a company. This recognises that a company’s tax contribution in the UK is more than just what it pays through Corporation tax. In SSE’s case this is very significant, because our largest contribution is actually the business rates we pay to the local authorities throughout the UK. This, together with the employment related taxes we pay, reinforces the important contribution SSE makes to all of the parts of UK society in which we operate.”
