UK Tax Policy
UK Tax Strategy for The Marketing Store Worldwide (Europe) Limited
Introduction
The Marketing Store Worldwide (Europe) Limited (“tms”) is a subsidiary of The HAVI Group LP (“HAVI”), a privately owned company focused on innovating, optimizing and managing the global supply chains of leading brands. Offering services in marketing analytics, packaging, supply chain management and logistics, HAVI partners with companies to address challenges big and small across the supply chain, from commodity to customer.
This strategy applies to tms in respect of the financial year ending 31 December 2023. The publication of this UK tax strategy statement is regarded as satisfying the UK statutory obligation under Paragraph 19(2), Schedule 19, Finance Act 2016.
Our approach to tax risk management and governance
HAVI is committed to observing all applicable laws, rules, and regulations in meeting our tax compliance and reporting responsibilities in all countries we operate.
Accountability for the UK tax strategy for tms rests with its Board of Directors along with the overall stewardship of our UK risk management systems and internal control environment. The Director of Global Tax is responsible for the management of the tax affairs of the HAVI Group and is fully supported in this duty by Senior Management.
The HAVI Group manages tax risk by proactively seeking to identify, evaluate, manage, and monitor tax risks to ensure they remain in line with the HAVI Group’s tax policies.
Our attitude towards tax planning
In structuring our commercial activities, we will consider tax laws (amongst many items) with a view of maximizing the value for our shareholders with careful consideration of potential financial, operational and reputational risks.
This tax policy is aligned with the overall HAVI Group’s ethics policy and is approved by Senior Management.
Professional opinions are sought as required from reputable independent external advisors particularly in relation to complex tax law or where areas of uncertainty arise in the interpretation of tax laws.
The level of tax risk we are prepared to accept
tms does not have defined levels of acceptable tax risk, but as with other risks, tax is managed within the overall risk framework and risk appetite of the HAVI Group. This framework is structured to deliver a level of governance and oversight which is consistent with our risk appetite.
We seek to balance shareholders’ interests for sustained economic value creation with ensuring that any arrangements comply with current tax legislation.
Our approach to dealings with HMRC
We shall be open and transparent with HMRC about our tax affairs and provide all relevant information that is necessary in a timely manner.
The HAVI Group LP
345 N. Morgan Street, Suite 1000, Chicago, IL 60607
IL 60515
Statement Approval
This statement was approved by Mark Watson on January 20, 2024:
Mark Watson Signature
Mark Watson
Managing Director
The Marketing Store Worldwide (Europe) Limited