SUEZ Environmental Solutions UK Group (SES UK) – Tax Strategy
For avoidance of doubt this Tax Strategy covers the UK sub-group headed by SUEZ Advanced Solutions Holdings UK Limited, and the company Inflowmatix Limited.
This sub-group and company will herein be 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 2021. It was approved by Board members for publication on 16 December 2021.
Board ownership and oversight
This tax strategy is aligned with the three fundamental principles defined in the SUEZ ‘Ethics Charter’:
- Compliance with laws and regulations
- 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 of companies are responsible for ensuring appropriate controls are in place and effective.
Internal processes and controls support the tax compliance and transactional obligations of the business.
The SES UK Group finance department is supported by the internal tax function within SUEZ Recycling and Recovery UK, and by external tax advisors, whilst Inflowmatix Limited utilises the services of an external provider, Atraxa. Compliance with tax filing and payment obligations is 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 may also be 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.