Electricity
03/11/1997
Query
Whether a monthly fee for the supply of electricity generated by a company would be regarded as income from the sale of goods. The fee consisting of two elements, representing a charge for the facility being on stand by on the grid(i.e. a payment of account of electricity produced) and a charge to cover the fuel and variable production costs for the electricity supplied to the grid.
Decision
Allowed.
Corporation Tax
Section 443, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6513/97