The Board of Hy-Line (UK) Limited ("the Company") is responsible for ensuring that the tax obligations of the Company are understood, complied with and managed appropriately.
Approach to Tax Compliance Reporting
The Company is committed to following all applicable laws and regulations relating to its tax activities. Maintaining a transparent and co-operative relationship with HMRC is integral to the Company's tax strategy.
Managing the Company's UK fiscal obligations is a complex process and as such there will inevitably be risks of error or omission which may result in the incorrect application of tax rules or the calculation of tax returns.
The Company's on-going tax risk approach is based on the principles of reasonable care and materiality.
The aim is not to avoid or eliminate risk entirely, but to closely manage the Company's exposure to risk
The Company's tax planning aims to support the commercial needs of the business by ensuring that the Company's affairs are carried out in the most tax efficient manner whilst remaining compliant with all relevant laws.
Approach to Dealing with HMRC
The Company is committed to the principles of openness and transparency in its approach to dealing with HMRC. The Company is committed to making fair, accurate and timely disclosures in respect of correspondence and returns, to respond to queries raised by HMRC in a timely manner with the aim to resolve any issues quickly and efficiently and with certainty where possible.
Use of Professional Advisors
Matters, where the Company Finance Director considers there to be insufficient skill or experience internally, are referred to external advisors who have suitable knowledge of the Company, and hold suitable accounting and taxation qualifications, as well as the relevant experience.
The Board of Directors review the Company's tax strategies and risks as well as the internal controls and systems employed by the Company on a regular basis
This strategy applies to all Hy-Line UK Limited, Hy-Line UK International Ltd , Hy-Line UK NC Ltd and EW UK Holdings 1 Ltd in accordance with Paragraph 19 of Schedule 19 of the Finance Act 2016. It has been approved by the Board in respect of the financial year ended 30 June 2021.