Ask any energy generation developer what hurdles are most likely to slow down their projects and they will name three things: grid connection, planning permission and access to finance. A new ruling by the Tax Appeals Commission involving one of the largest players in Ireland’s electricity industry deals with two of these key aspects. Following a Revenue audit, the company lodged an appeal to defend its claim that fees paid to gas and power network operators to connect a power station form part of the capital allowances offset against taxable profits. The dispute has implications for both the treatment of…

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