Barchester Healthcare Limited
This document, approved by the Barchester Board, sets out Barchester’s policy and approach to conducting its UK tax affairs and dealing with tax risk, and is made available to all Barchester’s stakeholders.
The document will be periodically reviewed by the Barchester Tax team, and any amendments will be approved by the Board of Directors. It is effective for the year ending 31 December 2018.
Barchester Tax Policy
Our policy applies to all UK companies within the Barchester group and comprises five key components.
Barchester is committed to conduct its tax affairs to comply with all relevant laws, rules and regulations and reporting and disclosure requirements. The group’s tax affairs are managed in a way which takes into account the group’s wider reputation and standards of governance.
- Our approach to risk management and governance arrangements in relation to UK taxation
Our tax strategy is aligned to our overall risk strategy. Barchester believes that by approaching the control of risk in a strategic and organised manner risk factors can be reduced to a level that is acceptable given its likelihood and impact.
Responsibility and accountability for the Group’s tax affairs is clearly defined within the Group and overseen by the Group’s Audit Committee and Board.
Professional diligence and care is applied to our management of all risks associated with tax matters to evaluate those risks. Where there is uncertainty as to the application or interpretation of tax law, appropriate advice is taken from third party advisers.
- Attitude of the group to risk management and governance arrangements in relation to UK taxation
Tax strategy is reviewed on an on-going basis by the Group’s Audit Committee and Board. Our tax status is reported regularly through the Group’s Chief Financial Officer.
Barchester aims for certainty regarding the tax positions adopted by the group. Incentives and reliefs will be claimed to minimise tax costs of conducting our business activities, but we will not knowingly enter into arrangements that are contrived or artificial.
- Level of risk to UK taxation
Barchester’s policy is to minimise risk wherever possible when conducting our business affairs including tax matters. We actively seek to identify, evaluate, and monitor and manage UK tax risks to mitigate such risks. Where there is significant uncertainty or complexity in relation to a risk, external advice is sought.
- Approach towards dealings with HM Revenue & Customs (‘HMRC’)
An important part of our tax strategy is the maintenance and development of a co-operative and proactive working relationship with HMRC. We engage with HMRC with honesty, integrity, respect and fairness and in a transparent manner. Wherever possible, we do so, on a real time basis.
Barchester regards this publication as complying with the duty under para 16(2) Sch 19 FA16.