SUEZ Environmental Solutions UK Group (SES UK) – Tax Strategy
For avoidance of doubt this Tax Strategy covers SUEZ Advanced Solutions Holding UK Limited and the entities listed at Appendix 1, collectively referred to as the ‘SES UK Group’.
The publication of this statement is regarded as complying with Part 2 of Schedule 19 Finance Act 2016 in respect of the year ended 31 December 2022. It was approved by the CFO of the SES business unit for publication on 21 December 2022.
Board ownership and oversight
SUEZ Advanced Solutions Holding UK Limited is the direct subsidiary of SUEZ S.A (herein be referred to as SUEZ). This tax strategy is aligned with SUEZ’s ethical principles:
Board members and employees have an absolute duty to act in a way that could never cast the slightest doubt on the ethical integrity of SUEZ.
Approach to risk management and governance
The Finance Director and the other statutory directors of the SES UK Group are responsible for ensuring appropriate controls are in place.
Effective and internal processes and controls support the tax compliance and transactional obligations of the business.
The SES UK Group finance departments are supported by external tax advisors, with tax filing and payment obligations considered a key responsibility of the SES UK Group.
Attitude towards tax planning
The SES UK Group has a strong commercial focus and as part of its duty to stakeholders will look to maximise value. This will include the utilisation of tax reliefs and allowances in the manner in which was intended by the tax authorities and statute. The SES UK Group does not engage in artificial tax arrangements.
In addition to obtaining support for normal tax compliance activities, tax advice is sought from external advisors in respect of material transactions and where there is significant uncertainty or complexity.
The level of acceptable risk
The level of tax risk that is considered acceptable within the SES UK Group is continually evaluated and monitored in line with its business objectives. SES UK Group’s reputation, brand, and corporate and social responsibilities will inform the approach taken in any tax-sensitive transactions.
Working with HMRC
The SES UK Group has an open and transparent relationship with HMRC and is proactive in disclosing issues, risks and uncertain tax positions on a timely basis. Where differences of opinion arise, SES UK Group work constructively with HMRC with a view to obtaining early resolution and certainty.
Appendix 1
List of entities covered by this tax-strategy:
SUEZ Advanced Solutions Holding UK Limited is the direct subsidiary of SUEZ S.A (herein be referred to as SUEZ). This tax strategy is aligned with SUEZ’s ethical principles:
- Compliance with laws and regulations
- Integrity
- Respect for others
Board members and employees have an absolute duty to act in a way that could never cast the slightest doubt on the ethical integrity of SUEZ.
Approach to risk management and governance
The Finance Director and the other statutory directors of the SES UK Group are responsible for ensuring appropriate controls are in place.
Effective and internal processes and controls support the tax compliance and transactional obligations of the business.
The SES UK Group finance departments are supported by external tax advisors, with tax filing and payment obligations considered a key responsibility of the SES UK Group.
Attitude towards tax planning
The SES UK Group has a strong commercial focus and as part of its duty to stakeholders will look to maximise value. This will include the utilisation of tax reliefs and allowances in the manner in which was intended by the tax authorities and statute. The SES UK Group does not engage in artificial tax arrangements.
In addition to obtaining support for normal tax compliance activities, tax advice is sought from external advisors in respect of material transactions and where there is significant uncertainty or complexity.
The level of acceptable risk
The level of tax risk that is considered acceptable within the SES UK Group is continually evaluated and monitored in line with its business objectives. SES UK Group’s reputation, brand, and corporate and social responsibilities will inform the approach taken in any tax-sensitive transactions.
Working with HMRC
The SES UK Group has an open and transparent relationship with HMRC and is proactive in disclosing issues, risks and uncertain tax positions on a timely basis. Where differences of opinion arise, SES UK Group work constructively with HMRC with a view to obtaining early resolution and certainty.
Appendix 1
List of entities covered by this tax-strategy:
- SUEZ Advanced Solutions Holding UK Limited
- SUEZ Advanced Solutions UK Limited
- Derwentside Environmental Testing Services Limited
- Latis Scientific Limited
- Inflowmatix Limited
- SUEZ Smart Solutions Limited
- Optimatics LLC UK branch