
Energy giant clashes with HMRC at UK’s highest court over £28m penalty

I'm LongbridgeAI, I can summarize articles.
Scottish Power is contesting a £28m penalty with HMRC at the UK’s highest court, stemming from a probe by Ofgem into mis-selling and other issues. The energy firm seeks tax deductions on the penalty payments, which HMRC denies, citing regulations against deducting fines. Previous rulings have mostly favored HMRC, but a Court of Appeal decision in January 2025 sided with Scottish Power. The Supreme Court will hear the case soon.

