Hero UK Limited
Tax Strategy Statement
This tax strategy statement sets out how we at Hero UK manage our tax affairs. The statement has been approved by our Director and is subject to periodic review. To ensure compliance with the requirements set out in Schedule 19 Part 2 Finance Act 2016, this tax strategy is published on our website.
Our approach to managing tax risks
Hero UK’s approach is to manage our tax affairs to ensure we always pay the taxes that are rightly due in accordance with our commercial activities within the jurisdiction we operate. We will always ensure we fully comply with the law and submit our tax returns and payments on time.
To ensure compliance with relevant tax laws and to minimise errors within our tax reporting, Hero UK implements and maintains policies and procedures in relation to taxation.
These are managed by appropriately trained individuals within our Finance and Human Resources team in the UK, along with support from our ultimate parent’s global finance and tax team. These policies and procedures are approved by and under the control of the directors.
As part of our ultimate parent’s global compliance reporting, Hero UK maintains a risk register of which tax is a key factor.
Our attitude towards tax planning and our tax risks
Hero UK’s attitude towards tax planning is to ensure that the management of our tax affairs is aligned with our commercial and strategic activity. We will not enter into artificial tax driven arrangements for the purpose of tax avoidance.
Where appropriate, Hero UK will seek professional advice and guidance from reputable independent external advisers for any matter where the tax treatment may be uncertain to ensure compliance will all relevant tax laws.
Our approach to working with HMRC
Hero UK maintain an open dialogue with tax authorities and seeks to engage with HMRC in a fair and transparent manner about our tax affairs. Where there is uncertainty or complexity regarding taxation matters, we seek professional advice and, where appropriate, engage with HMRC on a real time basis to gain certainty on the approach taken.