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Petition targets Npower’s tax arrangements

Campaigning group 38 Degrees has started a petition to allow Npower customers to raise awareness of the company’s lack of corporate tax payments.

The petition comes after the energy company admitted that it had paid no corporation tax in three years.

The admissions were made public at an energy and climate change select committee hearing on Tuesday, after being revealed earlier in a letter to shadow energy secretary Caroline Flint, the Guardian reported.

The petition 38 Degrees is addressed to Npower CEO Paul Massara. It reads: “Stop using accounting tricks to dodge paying your fair share of tax in the UK.

“Our energy bills are rocketing. In November, you hiked gas and electricity prices for your customers by nearly 10 per cent. And now you’ve admitted that you haven’t paid a single penny in corporation tax for three years.

“If you don’t change your ways, your current customers will start to leave you. And the rest of us will encourage them to do so. So please stop tax dodging and pay up!”

38 Degrees is a campaigning community in the UK which boasts more than one million members.

An npower spokesperson defended the company’s position. It said: “Like almost every company in the UK, our business is financed by a mixture of equity and loan capital – this is standard business practice.

“We do borrow from our parent company, RWE – this is because the interest rates we pay to RWE Group are the same as, or often lower, than we would pay to a UK bank. This is not only perfectly legal, and something HMRC is fully aware of – it is common practice.”

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