Npower admits paying no taxes for three years

Npower has admitted it has not paid corporation tax in the UK for three years, saying it has invested “billions” in new power stations and wind technology.

RWE npower’s chief executive Paul Massara told the Energy and Climate Change select committee that the company had not paid corporation tax after he was asked by Labour MP Ian Lavery if he could confirm how much it had paid in 2009, 2010 and 2011.

Mr Massara said: “So we will not have paid corporation tax in those three years.”

What is it with companies and tax arrangements in this country?

Last year it was Starbucks, Google and Amazon, now this year we have Npower, whose next? 

Who will be the next CEO to flippantly declare my firm pays no taxes?

In fairness not paying taxes has worked wonders for Npower the company reported a 34% rise in profits to £413m last year, and just to rub in some salt Npower decided they weren’t charging their customers enough so in November gas and electricity prices rose by 8.8% and 9.1% respectively, what a lovely company.

I wonder what Npower would say if their customers took their approach and decided not to pay their bills, I wonder what the bigwigs in charge would say about that, you could even send them a note telling them that instead of giving your money to them you’re investing it in a technology of your choosing.