This document sets out the Group’s approach to risk management and governance arrangements in relation to UK taxation. This document has been published to comply with Schedule 19 of Finance Act 2016.
It has been approved by the Board of Directors of RCAF V Mallard Holdings Limited (including Brookson Group) and is effective for its accounting period commencing 1st October 2021. This strategy will be re-approved and republished at least annually.
RCAF V Mallard Holdings Limited (including Brookson Group) is committed to:
Tax risks are assessed on a case by case basis, allowing the Group to arrive at well-reasoned conclusions on how each individual risk should be managed. Where there is uncertainty in how the relevant tax law should be applied, external advice may be sought to support the Group’s decision- making process.
The Group Finance Director has responsibility for tax at Board level and tax is regularly discussed by the Internal audit committee. The Group’s tax policy, which is approved by the Board, drives the Group’s behaviour with regards to taxation and tax risk.
The day to day management of taxes is the responsibility of the wider finance team. This team includes professionals with recognised professional qualifications and we continue to invest in their training and development. We operate under defined processes and controls in order to manage tax risks on a day to day basis.
The Group is committed to the principles of openness and transparency in its approach to dealing with HMRC and in particular the Group commits to: