The Group has decided to publish its tax strategy as part of its on-going commitment to Environmental, Social, and Governance (ESG) principles.
The Group’s tax strategy is approved by the Board. The operation of the strategy is managed by the Finance Director and Head of Tax. The Board considers tax risks that may arise as a result of our business operations.
In summary, the strategy includes:
Where resolution is not possible, tax disputes may proceed to litigation. That being the case, the Group will seek to establish strong technical positions.
Where legislative uncertainty exists, resulting in differing interpretations, the Group seeks to establish that its position would be more likely than not to prevail.