Year ended 31 December 2018
The Group is committed to conduct its tax affairs in a manner which is consistent with its policy on ethics and its Code of Business Conduct, which are built around fairness, openness, and honesty. The Group’s policy is to comply with all domestic and international laws, rules and regulations, including those relating to taxation.
The Group’s Code of Business Conduct sets out Mott MacDonald’s commitments to stakeholders and expected standards of behaviour. In serving the stakeholders of the Group, Mott MacDonald seeks to contribute positively to the economic and social well-being of the communities in which the Group does business; this extends to paying its fair share of tax in those communities on a timely basis.
The Group’s tax policies and procedures are overseen by the Group Finance Director and monitored and reviewed regularly by internal tax specialists in line with changes in tax law.
The Group seeks to make timely and accurate disclosures to HMRC and other tax authorities. The Group’s policy is to avoid aggressive interpretation of the relevant tax laws, and to reduce the risk of uncertainty it will discuss openly any position adopted with the tax authorities where its interpretation may be challenged. The Group is committed to resolving any disagreements with the tax authorities in an open and constructive manner.
The Group structures its affairs in a manner which supports the commercial needs of the business whilst remaining compliant with all relevant laws. If a tax position is uncertain the Group may obtain third-party advice to gain clarity, or support, for any position adopted.
The Group makes a valuable contribution to the tax revenues of governments in the numerous territories in which it operates. The Group’s contribution extends significantly beyond corporation tax and the collection of substantial amounts of income tax and VAT, and includes the payment of significant employer social security contributions.
This strategy is regarded by the Board of Directors as satisfying the statutory obligations set out in Part 2 of Schedule 19 to Finance Act 2016.