Tax policy: Financial year ending 31 December 2020
This policy applies to Digital Projection Group
Our tax policy comprises following key components:
We are committed to compliance with tax law and practice in the UK. Compliance for us means paying the right amount of tax in the right place at the right time. It involves disclosing all relevant facts and circumstances to the tax authorities and claiming reliefs and incentives where available.
In structuring our commercial activities we will consider – among other factors – the tax laws of the countries in which we operate, with a view to maximizing value on a sustainable basis for our partners or employees. For example, we will often look to take steps to reduce the risk of double taxation (i.e. the same income being taxed twice in two different jurisdictions). Any structuring that is undertaken will have commercial and economic substance and will have full regard to the potential impact on our reputation and broader goals. We will not put in place any arrangements that are contrived or artificial.
Given the scale of our business and volume of tax obligations, risks will inevitably arise from time to time in relation to the interpretation of complex tax law and nature of our compliance arrangements. We actively seek to identify, evaluate, monitor and manage these risks to ensure they remain in line with our objectives. Where there is significant uncertainty or complexity in relation to a risk, external advice may be sought, particularly in relation to our international tax obligations.
We engage in an open and collaborative relationship with HMRC, involving face to face meetings and regular dialogue throughout the year. We engage with HMRC in real time to discuss and agree specific issues or positions, and where inadvertent errors are identified, these are disclosed promptly to HMRC and corrections agreed.
This tax policy is aligned with our ethics code and is approved and owned by the Executive and overseen by the Board.
We regards this publication as complying with the duty under para 16(2) and para 25(1), Sch 19 FA16.