Tax Strategy

Regent Office Care Ltd

Tax Strategy

Period ended 31 December 2019

 

In compliance with section 161 and section 19 (2) of schedule 19 Finance Act 2016, we publish below our tax strategy for the year ending December 31, 2019. As the sole UK-subsidiary of FIGJI Sarl in France, we confirm that this strategy applies to Regent Office Care Ltd (“Regent”).

 

Our business is governed by ethical principles and integrity. This demands we manage our business in a responsible manner. We consider payment of taxation as a responsibility of our business.

 

Tax strategy

Our overall tax strategy is to:

  • Comply with all relevant law, rules, regulations, and reporting and disclosure requirements, wherever we operate.
  • Pay the correct amount of tax at the right time.
  • Identify, evaluate, monitor and manage tax, legal and regulatory risks.
  • Apply professional diligence and care in the management of all risks, including tax matters.
  • Take an appropriate and balanced approach when considering how to structure tax-sensitive transactions.
  • Seek to utilise available tax reliefs and incentives where available in a manner which is consistent with applicable law and regulations.
  • Consider the tax impact in major or complex business decisions, for example acquisitions.

 

Risk management

We want our tax affairs to be compliant with tax legislation, and recognise that managing tax compliance is increasingly complex.

Our internal structure is set up to ensure that the company Board understands the importance of tax compliance, and how it is achieved. Our Finance Director is responsible for our tax compliance function and ensures the Board is involved in the way our business manages its tax risk.

Where we are uncertain of tax legislation in respect of a particular matter, external advice is always sought.

Tax planning

Tax planning is part of our overall business strategy.

When structuring our activities, we will consider; among other factors, the relevant tax law, with a view to maximising value on a sustainable basis for our clients and stakeholders. We will not put in place any arrangements that are contrived or artificial where the sole purpose of which is to reduce UK tax payable.

 

Tax risks

We have a responsibility to minimise our tax risk and our exposure to negative publicity through non-compliance.

The Board sees compliance with tax legislation as key to managing our tax risk. We understand the importance of tax in the wider context of business decisions and have processes in place to ensure tax is considered as part of our decisions making process.

We have relationships with professional advisers that allow us to seek expert advice on specialist areas of tax. Our approach is to ensure we are compliant and understand our responsibilities with regards to tax.

 

Relationship with HMRC

We seek to have an honest and constructive relationship with HMRC. Our communication with HMRC is focused around timely tax compliance; such as, meeting relevant filing and payment deadlines for taxes the company pays.

When submitting tax computations and returns to HMRC, we disclose all relevant facts and identifies any matters where it considers that there is potential for the tax treatment to be uncertain.

Any errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified.