SSE Generation Wins Tax Relief Fight in UK Supreme Court (1)

UK energy company SSE Generation Ltd. can claim £227 million ($284 million) in tax relief, the UK Supreme Court ruled Wednesday, following a battle between the company and HMRC.

The issue centered on whether the company conduits to collect and transmit water to the power plant were in scope of being a “tunnel” or “aqueduct”, items that would be excluded from the tax relief.

“I reject HMRC’s suggested interpretation of both “tunnel” and “aqueduct” and would uphold the decision reached by the Court of Appeal,” Lord Nicholas Archibald Hamblen wrote in the judgment, on behalf of five Lord Justices. ...