Arunvill Capital Limited and its UK subsidiaries (the “Arunvill Group”) are committed to complying fully with the spirit and letter of all applicable tax laws and regulations, and to meeting all applicable reporting obligations in a timely and accurate fashion.
The directors provide strategic oversight and governance with regard to any significant tax matters, including tax planning. When taking decisions concerning tax matters, we consult with external tax advisors as appropriate and will act in accordance with advice provided, in particular, where the law is complex or uncertain.
The Arunvill Group's tax planning is driven by the commercial needs of the business, and anticipated future developments. Where alternative routes exist to achieve the same commercial results the most tax efficient approach in compliance with all relevant laws will be followed.
While we will run our business in a cost effective manner in line with our obligations to our shareholders and clients, we will only utilise legitimate tax reliefs for the purposes for which they were intended by Parliament.
The Arunvill Group does not set a mandatory limit on the level of tax risk it is prepared to tolerate but reviews each situation on a case by case basis. Where uncertainty exists, we will seek external advice.
When assessing the tax risk associated with our commercial activities, we may claim statutory tax incentives and exemptions which Parliament has made available and where we have a legitimate choice as to what to do.
We are committed to maintaining an open and transparent relationship with HMRC, to conducting our tax affairs with integrity and to engaging with HRMC in a responsible, cooperative, and professional manner. In situations where disagreements arise we proactively work with HMRC to resolve them.
We are committed to prompt disclosure and transparency in all tax matters with HMRC. We recognize that there will be areas of differing legal interpretations between ourselves and HMRC and where this occurs we will engage in proactive discussion to bring matters to as rapid a conclusion as possible.
The Arunvill Group regards the publication of the information set out above as complying with the requirements set out in paragraph 16(2) of Schedule 19 of the Finance Act 2016 (duty to publish a tax strategy).
First published on 28th February 2018