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Henderson Group Tax Strategy

The publication of this UK Tax Strategy statement is regarded as satisfying the statutory obligation under Para 19(2), Schedule 19, Finance Act 2016. “The Group” refers to all UK entities within the John Henderson (Holdings) Group of companies.

Overview of Internal Governance 

The Group’s tax strategy, which covers both the internal governance of tax matters and the approach to tax, is approved by the Group Boards.

Tax is primarily the responsibility of the Group Finance Director who reports to the Chief Financial Officer who sits on the Holdings Board. Day to day tax matters are delegated to the Financial Controllers across the Group and a team of in house professionals who hold a combination of qualifications and experience appropriate to their roles and the assigned tax responsibilities.

The Chief Financial Officer and Group Finance Director hold regular meetings with external tax professionals to ensure the Group continues to comply with best practice.

The Group Finance Director in conjunction with the Financial Controllers across the Group ensure that adequate controls are in place so that the correct amount of taxes are identified and paid on a timely basis.

Approach to risk management 

All Board meetings are attended by either the Chief Financial Officer or Group Finance Director and there is a standing item to provide any updates on significant tax risks and developments. 

An internal procedures document maintained by the Group Finance Director outlines the tax compliance procedures, controls in place and the role of the person responsible for them.

All senior members of the Finance team attend external seminars on a regular basis to ensure full awareness of tax developments and internal seminars drawing on external expertise are run as required.

The Group has an internal audit function.

The Group has a low risk attitude in relation to tax and seeks to minimise the risk of uncertainty or disputes.

Attitude to tax planning 

All Board meetings are attended by either the Chief Financial Officer or Group Finance Director and there is a standing item to provide any updates on significant tax risks and developments. 

An internal procedures document maintained by the Group Finance Director outlines the tax compliance procedures, controls in place and the role of the person responsible for them.

All senior members of the Finance team attend external seminars on a regular basis to ensure full awareness of tax developments and internal seminars drawing on external expertise are run as required.

The Group has an internal audit function.

The Group has a low risk attitude in relation to tax and seeks to minimise the risk of uncertainty or disputes.

Relationship with HMRC

An important part of the Group’s tax strategy is to maintain and develop it’s strong, positive and transparent relationship with HMRC. The Group maintains an open dialogue with HMRC via regular meetings with the Group’s Client Relationship Manager and provides information on business activities, results and key developments as they arise. The Group proactively seeks the views of HMRC on any uncertain tax matters.

This document, approved by the board of The Group, sets out the Group’s approach to conducting its tax affairs and dealing with tax risks for the year ending 31 December 2017.