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Tax Strategy

The Boparan Restaurant Group Tax Strategy 2020 outlines the group's general tax arrangements, policy for tax risk management, attitude towards tax planning, and relationship with HMRC. The strategy is approved by the board and reviewed annually. It commits the group to complying with UK tax obligations by paying the right amount of tax at the right time while recognizing available reliefs. The group does not engage in aggressive tax planning or artificial schemes to reduce its UK tax liability. It manages tax risks proactively and seeks external advice for complex transactions, with the goal of being transparent and proactive in its interactions with HMRC.

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43 views1 page

Tax Strategy

The Boparan Restaurant Group Tax Strategy 2020 outlines the group's general tax arrangements, policy for tax risk management, attitude towards tax planning, and relationship with HMRC. The strategy is approved by the board and reviewed annually. It commits the group to complying with UK tax obligations by paying the right amount of tax at the right time while recognizing available reliefs. The group does not engage in aggressive tax planning or artificial schemes to reduce its UK tax liability. It manages tax risks proactively and seeks external advice for complex transactions, with the goal of being transparent and proactive in its interactions with HMRC.

Uploaded by

Dylan Sword
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The Boparan Restaurant Group Tax Strategy 2020

The tax strategy is approved by the board of Invest Co 1 Limited and sets out the group’s general tax
arrangements as well as the policy and approach to tax risk management, attitude to tax planning and
working with HMRC.

The publication of this tax strategy statement is regarded as satisfying the statutory obligation under Para
16(2), Schedule 19 of the Finance Act 2016 for the year ended 31 December 2020.

This tax strategy is reviewed annually.

References to ‘UK taxation’ are to the taxes and duties in the UK which include:

• All corporate income taxes


• Indirect taxes (VAT, Stamp Duty Land Tax)
• Employment taxes (PAYE / National Insurance / Construction Industry Scheme)
• Other applicable tax matters
•
Approach to risk management and governance arrangements
Invest Co 1 Limited and its subsidiaries are committed to complying with UK tax obligations and considers
compliance to mean paying the right amount of tax at the right time, completing accurate returns whilst
also recognising available legislative concessions and reliefs.

Attitude towards tax planning


When considering the structure of our commercial activities, we take account of a number of factors
including consideration of the tax laws. We do not take an unreasonable stance on our interpretation of
tax legislation and we strive to work within both the letter and spirit of tax legislation. We do not engage
in aggressive tax planning and do not participate in artificial tax avoidance schemes to reduce our UK tax
liability.

Level of risk Invest Co 1 Limited and its subsidiaries are prepared to accept.

The increasing complexity and requirements of the UK tax legislation means that inevitably risks will
arise. We ensure that where risks do arise, they are identified, evaluated and managed proactively. For
certain transactions where there is a material level of uncertainty or complexity, we will seek external
advice to help reduce risk. Invest Co 1 Limited does not engage in artificial tax arrangements.

Relationship with HMRC


It is Invest Co 1 Limited’s policy to be transparent and proactive in all interactions with HMRC through
regular meetings and communication and are committed to prompt disclosure and transparency in all tax
matters with HMRC. It is recognised that there will be areas of differing legal interpretations between
ourselves and HMRC and where this occurs we will engage in proactive discussion to bring matters to as
rapid a conclusion as possible. Any inadvertent errors in submission of tax returns and tax computations
to HMRC are fully disclosed as soon as reasonably practicable after they have been identified.

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