Online and mobile banking
This document outlines the tax strategy of a company, aiming to comply with relevant tax laws and regulations across various jurisdictions, in line with requirements under Schedule of the Finance Act 2016. The tax strategy has been reviewed and approved by the Board of Directors and applies to the financial year ending December 31, 2023.
The company incurs various taxes, including:
Employer Payroll Taxes and social security contributions.
Irrecoverable VAT on certain transactions.
Corporation Tax based on taxable profits.
Withholding Taxes, where applicable.
Additionally, the company acts as a collection agent for employee payroll taxes and VAT collected on some of the products and services offered.
The company maintains a professional and transparent relationship with tax authorities. When uncertainty arises in tax law interpretation, the company aims for open communication to resolve issues efficiently.
This tax strategy demonstrates the company’s commitment to compliance, risk management, and responsible tax planning across all jurisdictions in which it operates.
The company has a conservative risk appetite regarding taxation, focusing on responsible compliance with worldwide tax obligations. The organization firmly rejects tax evasion and enforces strict internal policies to prevent it.
The company pursues tax efficiency where appropriate, but only in ways that align with genuine commercial activity. The company does not engage in any tax planning that would abuse the tax system or result in outcomes inconsistent with commercial transactions.
The company maintains a professional and transparent relationship with tax authorities and other regulatory bodies. When uncertainty arises in tax law interpretation, the company aims for open communication to resolve issues efficiently.
This tax strategy demonstrates the company’s commitment to compliance, risk management, and responsible tax planning across all jurisdictions in which it operates.
