The tax strategy of JP Boden (Holdings) Limited and its wholly owned subsidiaries (collectively referred to as “Boden”) is set out below.
At Boden, we manage tax issues within the spirit as well as the letter of the law, paying our fair share of tax in each of the countries where we trade. We take a conservative approach to our management of tax risk and aim to achieve low-risk status with HMRC and overseas tax authorities.
Our tax matters are managed through robust business processes and controls, to ensure that we comply with the law and make tax returns, payments and any disclosures to the tax authorities accurately and on time. While we seek to arrange our affairs in a tax-efficient manner based on the commercial drivers of the business, we do not enter into transactions which are contrived and/or artificial.
The CFO is responsible for the management of the Group's tax affairs, supported by an in-house tax team with expertise and experience in complex tax affairs, which is in turn supported by professional external tax advisers. This tends to be where there is uncertainty in tax treatment or conflict between rules in different countries. The Board’s audit committee review the status of the group’s tax matters twice a year and the compliance committee is updated quarterly. We know that tax can be complicated, so Boden seeks to manage tax risk through fair and open dialogue with HMRC and overseas tax authorities.
This tax strategy has been published in accordance with Schedule 19, Finance Act 2016 and applies to the year ending 31 December 2022.