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|HIS Europe Limited- Tax Strategy|
|The Finance Act of 2016 requires each company to publish its tax strategy. The company considers the tax strategy outlined below as complying with its duty under Schedule 19, paragraph 16(2) for the year ending 31 July 2020.||Approach to risk management and governance arrangements in relation to UK taxation:|
|HIS Europe Limited is a tax resident of the UK.
When reviewing the tax risks associated with a specific decision or action, the board of directors ensures that the following are considered:
The legal and fiduciary duties of directors and employees.
The requirements of any related internal policies or procedures.
The maintenance of the company’s corporate reputation, having particular regard to the way we interact with the communities around us.
The tax benefits and impact on the company’s reported result compared to the potential financial costs involved, including the risk of penalties and interest.
The wider consequences of potential disagreement with tax authorities, and any possible impact on relationships with them.
|Attitude towards tax planning (so far as affecting UK taxation)|
|The company does not engage in active tax planning, however when embarking on significant transactions, will consider the impact of tax and endeavour to reduce significant tax exposure.||Level of risk in relation to UK taxation that the company is prepared to accept|
|The company has a low tolerance for tax risk and does not undertake transactions specifically to gain a tax advantage. Tax is paid as it falls due and this depends entirely on the profit made through regular trading activities which is the retail and wholesale supply of travel services.||Approach towards dealings with HMRC|
|The company is open with HMRC and readily responds to all queries. The company engages its professional tax advisors to interpret tax legislation and provide assistance in complying with its tax filing, reporting and payment obligations. The company outsources the annual tax calculation to its tax advisors.
Responsibility for the company’s tax affairs lie with the Managing Director of HIS Europe Limited who reports on tax matters to the Board of HIS Europe Limited.