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European Tax

Supreme Court decides in ScottishPower that payments made instead of penalties are not deductible because they are not incurred for the purposes of the trade

10/21/2026 1:44:41 PM

Supreme Court decides in ScottishPower that payments made instead of penalties are not deductible because they are not incurred for the purposes of the trade

By Zoe Andrews

The Supreme Court held in ScottishPower that there is no policy-based, judge-made rule that penalties and fines are not deductible. The...