GM Group

The companies named in the Appendix (each, a “Company”)

Tax strategy

December 2023 (first published December 2017)

Contents

  1. Introduction
  2. UK Tax Policy

 

  1. Introduction

This document (the “Policy”) sets out each Company’s policy regarding its affairs in relation to UK taxation. The Policy is effective for the year ending 31 December 2023 and will remain in effect until amended.  Each Company regards the making available of the Policy on this website as publication of the Policy in accordance with the requirements of Schedule 19 of the Finance Act 2016.

 

  1. UK Tax Policy

In relation to UK taxation matters, each Company is committed to:

  1. ensuring there is alignment of the Policy with the Company’s overall approach to corporate governance and risk management;
  2. ensuring tax considerations are assessed reasonably when computing expected returns from investments or other transactions;
  3. interpreting applicable laws, rules, regulations, and reporting and disclosure requirements (together, the “Law”) reasonably, including for this purpose obtaining, where appropriate, written advice from third party advisers;
  4. structuring transactions in a manner that is expected to give a tax result which is consistent with the expected economic consequences (unless specific legislation anticipates that result) and the intentions of Parliament;
  5. transparency regarding decision-making, governance and management of tax obligations and responsibilities; and
  6. maintaining an open and collaborative business relationship with HM Revenue & Customs (“HMRC”), including for this purpose:
    1. in relation to significant transactions where there is material uncertainty as to the application or interpretation of tax law, engaging in full, open and early dialogue with HMRC to discuss the issues;
    2. seeking to resolve issues with HMRC in a timely manner; and
    3. making fair, accurate and timely disclosure in correspondence and returns, and responding to queries and information requests in a timely manner;
  1. otherwise adhering to the requirements of the Law (including without limitation the requirements of Criminal Finances Act 2017 in relation to failure to prevent the facilitation of tax evasion).

 

Appendix

Green Monarch B Top 2016 Limited

Green Monarch B1 2016 Limited

Green Monarch B2 2016 Limited

Akaria Investments Limited

Goodwill Nominees Limited

Readingview Nominees Limited

St. George’s Investment Company

Green Mango B 2018 GP Limited

Green Mango B 2018 Unitholder Limited

Green Knight B 2017 Limited