This document sets forth the policy and approach of Insight Enterprises UK. Limited to conducting its tax affairs and dealing with tax risk and is made available to all its stakeholders. This strategy applies to Insight Enterprises UK Limited and to the group of companies headed by Insight Enterprises UK Limited in accordance with paragraphs 19 and 25 of Schedule 19 to the Finance Act 2016. A list of the entities to which it applies is set out below. In this strategy, references to ‘Insight UK', ‘the company’ or ‘the group’ are to all these entities. The strategy is being published in accordance with paragraph 19(4) of the Schedule.
This strategy applies from the date of publication until it is superseded. References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax. References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which the Group has legal responsibilities.
Insight Enterprises UK Limited is committed to full compliance with all statutory obligations and full disclosure to relevant tax authorities. The group’s tax affairs are managed in a way which takes into account the group’s wider corporate reputation in line with Insight Enterprises UK Limited’s overall high standards of governance.
Diligent professional care and judgement will be employed to assess tax risks in order to arrive at well-reasoned conclusions on how the risks should be managed. Where there is uncertainty as to the application or interpretation of tax law, appropriate written advice evidencing the facts, risks and conclusions may be taken from third party advisers to support the decision-making process.
In reviewing the risks of a tax action or decision, always bearing in mind the requirements of the Insight UK Tax Policy, the following would be considered:
Insight Enterprises UK Limited manages risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax. Insight Enterprises UK Limited believes that it should pay the amounts of tax legally due in any territory.
When entering into commercial transactions, Insight Enterprises UK Limited seeks to take advantage of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. Insight Enterprises UK Limited does not undertake tax planning unrelated to such commercial transactions.
The level of risk which Insight Enterprises UK Limited accepts in relation to UK taxation is consistent with its overall objective of achieving certainty in the group’s tax affairs. At all times Insight Enterprises UK Limited seeks to comply fully with its regulatory and other obligations and to act in a way which upholds its reputation as a responsible corporate citizen. In relation to any specific issue or transaction, the Board is ultimately responsible for identifying the risks, including tax risks, which need to be addressed and for determining what actions should be taken to manage those risks, having regard to the materiality of the amounts and obligations in question.
Insight Enterprises UK Limited seeks to have a transparent, open and constructive relationship with HMRC through regular meetings and communication in respect of developments in Insight Enterprises UK Limited’s business, current, future and retrospective tax risks, and interpretation of the law in relation to all relevant taxes.
Insight Enterprises UK Limited ensures that HMRC is kept aware of significant transactions and changes in the business and seeks to discuss any tax issues arising at an early stage. When submitting tax computations and returns to HMRC, Insight Enterprises UK Limited discloses all relevant facts and identifies any transactions or issues where it considers that there is potential for the tax treatment to be uncertain.
Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified. All dealings with the HMRC and all tax authorities and other relevant bodies will be conducted in a collaborative, courteous and timely manner. The aim would be to strive for early agreement on disputed matters, and to achieve certainty wherever possible.
Last updated 13/12/2020