Our approach towards tax planning:
When evaluating tax planning, we will always consider the group’s reputation, brand, corporate and social responsibilities. We will seek to avoid tax pitfalls by considering tax as part of every major business decision, and ensure that statutory tax reliefs via claims and elections are made where necessary. The group will not seek to act in a way which we believe to be contrary to the intentions of Parliament when tax legislation was drafted.
Our relationship with HMRC:
We have a positive and transparent relationship with HMRC. We continue to strengthen our working relationship with HMRC and have again been rated by HMRC as ‘low risk’, a status which we have held for some time. The group works closely with HMRC to achieve early agreement on issues and certainty on a real-time basis.