RESPONSIBILITY Tax Strategy Privacy Statement Slavery & Human Trafficking Statement Corporate Responsibility & Staff Welfare The Board of P D Hook Group recognises that compliance with tax filing and payment obligations is one of its key responsibilities. In common with all aspects of the operation of its business, the oversight is assigned to one member of the Board, namely the Group Finance Director (GFD), whose responsibility is to appraise the Board of key tax events. This allows all Board members to be adequately engaged in the tax affairs of the business and thereby ensure P D Hook is adhering to its responsibilities. In making this strategy available the UK group is fulfilling its responsibilities under paragraph 16(2) Schedule 19 FA 2016 for the year ended 31 October 2021 There are five key principles to which P D Hook Group adheres when considering all aspects of taxation. These principles provide steering to key stakeholders and offer a framework for decision making as follows: Transparency with HMRC – P D Hook Group has an open and transparent relationship with HMRC and values the trust which HMRC places in the business to correctly deliver taxes due. In all dealings with HMRC, P D Hook Group seeks to maintain and further build on this relationship through proactive engagement. Appropriately qualified Tax team – P D Hook Group is supported by an appropriately qualified and experienced tax team and invests in continued professional development. The Board will continue to review the structure of the Tax team at suitable intervals to ensure it remains appropriate to the business environment and external tax environment. External advisers – To assist the Tax team, P D Hook Group engages with external advisers to provide technical expertise when necessary. This engagement takes place with the GFD for operational and compliance matters. Attitude to tax planning – P D Hook Group has a strong commercial focus and as part of its duty to its stakeholders to control unnecessary costs, the Group utilise tax reliefs and allowances available in the manner in which intended by the tax authorities and statute. P D Hook Group does not engage in any artificial tax arrangements. Risk Management and Governance – P D Hook Group has a clear overview of its tax risk which is documented in its tax risk matrix. The Board recognises this and considers that the tax strategy sits alongside stringent financial controls to manage tax exposures. As an employer with a large number of employees, corporation tax alone is not a balanced reflection of the total tax contribution made by P D Hook Group. The estimated taxes borne or collected by P D Hook Group in relation to the 2019 financial year were as follows: 2018 2019 2020 £000 £000 £000 Employer’s National Insurance 2,117 2,187 2,265 Employee’s National Insurance 1,833 1,866 1,953 PAYE 3,404 3,345 3,561 Corporate Tax 4,729 4,562 4,534 Total 12,083 11,960 12,313 Issue date 16/11/2021 ABOUT JOBSOLD RESPONSIBILITY CONTACT SUPPORT Website by 8-digital We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Cookie Settings Accept All