Yorkshire Water defends exemption

Yorkshire Water has defended its non-payment of corporation tax this year saying the hundreds of millions it invests in infrastructure and keeping bills down means it is exempt from payment. The Bradford-based group said it will pay out £111.5m in other taxes this year such as business rates, employee taxes and VAT.

Source: Yorkshire Post

We Say: There’s no suggestion of tax avoidance here, as far as we know. Things have come to a pretty pass when a company feels the need to defend itself because the application of uncontroversial tax laws to its business give the normal, expected and entirely predictable result that relief for its capital expenditure results in its paying no tax. That’s about as far from avoidance as it’s possible to get.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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