Tax Strategy

The tax strategy is approved by the board of Invest Co 1 Limited and sets out the groupโ€™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 โ€˜UK taxationโ€™ 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