SSE the first energy company to pay the living wage has been ranked the 15th largest tax payer in the UK

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.

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.”

 

Psst... follow us on social media!

Don't worry—this isn't a notification telling you to pay to read the article. Follow us on our social media channels for exclusive content, behind-the-scenes updates, and the latest news as it happens.

  • Breaking news updates
  • Exclusive video content
  • Behind-the-scenes coverage
  • Community discussions
  • Live updates and stories
Coming soon: Pay a small yearly fee to remove adverts!
Total
0
Shares
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Related Posts
Read Article

Perthshire law firm Macnabs awarded for Will Aid effort

Macnabs, a leading law firm in Perthshire has raised more than £10,000 for charity this year after taking part in a will-writing campaign where lawyers generously give up their time for free to write Wills for local people in exchange for a donation. Macnabs has taken part in the annual Will Aid scheme for the sixth time and raised an impressive £10,795 this year in the month-long fundraiser, making them the highest fundraising firm in Perthshire and second-highest in Scotland. This is the 6th year Macnabs has taken part, raising a fantastic £33,079 to date. Partner Althea Kennedy comments: “At Macnabs we know that Will Aid helps such worthwhile causes and for us to be part of that and to give something back has been wonderful. Over the past few years we’ve raised more and more and have seen so many of our clients benefiting from the campaign. It is so important that people make a Will – without one the law decides how your estate is passed on, and this might not be in line with your wishes. “We have also signed up for the 2017 campaign and appointments are filling up fast, so if you would like to make your Will this November, please do get in touch. It is very easy to make a Will – and it will save your family unnecessary distress at an already difficult time.” Andrea Hay, Partner and Head of the Private Client team, adds: “Even if you already have a Will, it is important to update it every 3-5 years, especially if your circumstances have changed. If you now have children or grandchildren, if you are recently divorced or separated, or have a Partner but are not legally married, or if perhaps a beneficiary named in your Will has deceased, then make sure your Will reflects what you want to happen when you die.”
Total
0
Share
0
Would love your thoughts, please comment.x
()
x