Skip navigation to main content Our sites: Home Responsibility Corporate Governance Tax strategy Tax strategy We maintain high ethical standards and this includes complying with the tax laws under which we operate and paying the correct taxes. We now publish our tax strategy in accordance with measures contained in paragraph 16 (2) of Schedule 19 of Finance Act 2016. The strategy has been reviewed and adopted by the Board on 28 March 2019. Approach to Risk management and governance arrangements The Group’s policy is to comply with all relevant laws, rules and regulations and to pay the right amount of tax on time. We have created policies and processes to ensure there is a framework and culture to underpin the requirements. The Chief Financial Officer is responsible for the management of the Group’s tax affairs and is also the Senior Accounting Officer. He is supported by the Head of Tax and Treasury. Tax compliance is reported on a monthly basis to the Board. The Chief Financial Officer reviews the tax disclosure made in the Annual report and accounts and is made aware of any significant tax issues. The Group follows a policy of continuous improvement to ensure processes evolve to reflect changes in business operations and the relevant legislation and guidance. Professional advice is used to achieve best practice in the above. The Corporation Tax returns are reviewed by an external professional adviser before submission to HMRC. Attitude to Tax planning We seek to reduce the risk of uncertainty and disputes by adhering to the relevant tax laws. We do not engage in artificial tax engagements. The Group tax department engages with the business to ensure efficient tax planning both in day to day commercial affairs and where larger transactions, re-organisations or restructures take place. The level of risk that KCOM is prepared to accept We take a conservative approach to tax risk, which it manages by: Culture Creating a top to bottom culture business-wide that follows the appropriate policies. Commercial Making major business decisions on a commercial first basis. Non engagement Not engaging in aggressive/high risk tax planning and solutions. Risk reduction Creating, reviewing and updating tax policies and processes on an operational basis to reduce overall tax risk. Professional advisers Engaging with professional advisers to best understand complex issues and current industry and tax best practice. Full disclosure Engaging with HMRC, on a full disclosure basis, when uncertainty regarding transactions exist. This includes applying for the correct clearances from HMRC where required. Approach toward its dealing with HMRC We're committed to working with HMRC on an open, transparent and collaborative basis. Our aim is to: Culture Creating a top to bottom culture business-wide that follows the appropriate policies. Commercial Making major business decisions on a commercial first basis. Non engagement Not engaging in aggressive/high risk tax planning and solutions. Risk reduction Creating, reviewing and updating tax policies and processes on an operational basis to reduce overall tax risk. Professional advisers Engaging with professional advisers to best understand complex issues and current industry and tax best practice. Full disclosure Engaging with HMRC, on a full disclosure basis, when uncertainty regarding transactions exist. This includes applying for the correct clearances from HMRC where required. KCOM For the home Business – East Yorkshire & North Lincolnshire Wholesale About us About us Responsibility Contact Us News All news Community Business Retail Wholesale Connect Facebook Twitter Instagram LinkedIn Careers Careers Sitemap Regulatory Universal Service Obligation Cookies Privacy notice Terms of use Accessibility © KCOM Group Limited 2021 How we use cookies We use cookies to give you the best website experience possible, analyse our traffic and personalise advertising to you. By clicking continue, we'll assume this is OK. You can change your cookie preferences at any time by using the link in our website footer. Continue More information is in our privacy notice. Change your cookie preferences.