Freed of London Limited’s Board is responsible for ensuring that the company has appropriate tax accounting arrangements in place and maintaining a comprehensive system of control over the company books of account and transactions. They have a duty to manage risks, including those relating to direct, indirect and payroll taxes and to provide reasonable assurance that key business objectives and expected outcomes will be achieved.
OUR ATTITUDE TOWARDS TAX PLANNING AND RISK
Our approach to tax planning and risk is governed by our overarching objective of ensuring we comply fully with our regulatory obligations and ultimately pay the right amount of tax.
We, with the assistance of external advisers as applicable, ensure compliance with tax laws and regulations both in the UK and internationally, and to ensure that we identify, and then mitigate, any significant tax risks within our business. By being compliant and timely in managing its tax affairs, is the way the company looks to reduce its tax risk.
OUR APPROACH TO DEALINGS WITH HMRC
We are committed to being compliant with all UK statutory obligations, filing requirements and/or tax disclosures with UK HMRC. We try to ensure that our engagement with HMRC is professional, open and honest, and undertaken in a spirit of cooperation.
The tax strategy statement is published in accordance with the requirements of paragraphs 22 and 23 schedule 19 Finance Act 2016. This covers the period ending 31 December 2023 and we review and refresh our tax strategy annually.