UK Tax Strategy
Approach to risk management and governance arrangements in relation to the UK taxation:
We follow any tax requirements in the UK and file the tax returns in a timely manner. We believe tax compliance and reporting responsibilities are fully met.
Attitude of the business towards tax planning:
We have no intention to seek aggressive tax planning nor have any tax planning within the group. Our basic policy is to follow the tax regulation in each jurisdiction and we will make close communication with each tax authority to minimize tax risk.
Level of risk in relation to the UK taxation that the business is prepared to accept:
Our level of tax risk is low as we aim to follow all UK tax laws, file our tax returns factually and in a timely manner. The Board has ultimate responsibility for the governance of its tax affairs. We prepare and review all tax returns in full consultation with external advisors and, if needed, work together and share information with the Parent Company in order to comply with tax laws.
Approach of the business towards its dealings with HMRC:
We engage with the HMRC openly and honestly and in a spirit of co-operative compliance. We file all government regulatory filings on time, and will respond to any HMRC inquiry on a timely basis.