Major energy suppliers get criticized for avoiding tax contributions
A recent report into the activity of UK’s largest energy suppliers has revealed the disturbing fact that very few of them actually pay their due corporation tax, with npower being singled-out for not contributing a single penny over the past two years.
The news report points out that RWE npower, with 6.6 million customers, paid no corporation tax between 2009 and 2011, while Scottish Power paid only £102m in 2012 on profits of £1.2bn – even though the lowest corporate tax rate is 20%. In general, suppliers that are owned by foreign-based multinationals paid less tax than their UK-based counterparts (Centrica or SSE).
On the other hand, the energy suppliers answered the accusations by claiming that they’ve actually invested in the UK infrastructure and energy production facilities, and that the law allows these to be offset these against tax liabilities.
If you’re quite unhappy with this type of behaviour from the UK’s largest energy suppliers and you’re seriously considering taking some active steps towards cutting down on your energy bills and streamlining your business operations, then the HeatingSave Energy Management System is just the thing to go for.
HeatingSave will allow you to save between 20 and 30+ percent on heating bills by optimizing the energy consumption levels within any building with the help of an advanced heat-loss algorithm that creates a specific profile for any building and based on that, switches heating on later if its warm and off earlier if its cold. It also automatically adjusts your boiler depending on how warm it is outside – save up to another 10%.
Additionally, the automatic occupancy detection allows the temperature to reduce to a background when areas are not used and quickly brought up to temperature when they are being used.
If you’re want to find out more about the HeatingSave system, just get in touch with our dedicated team, they’ll be more than happy to answer all of your questions. Plus, you could also get a Free Energy Survey, that will assess your building’s specific needs and offer you some very important information regarding the measures you might need to implement in order to achieve some visible results in terms of energy saving.