Scope

This strategy applies to Vision Support Services Global Limited and to the group of companies headed by Vision Support Services Global Limited in accordance with paragraph 16 of Schedule 19 to the Finance Act 2016. A list of the entities to which it applies is set out below. In this strategy, references to ‘Vision Support Services Global’, ‘the firm’ or ‘the group’ are to all these entities. This tax strategy was published on 21/12/2020 and Vision Support Services Global regards this publication as complying with its duty under paragraph 16(2) Schedule 19 FA 2016 in its financial year ended 31/12/2020.

This strategy applies from the date of publication until it is superseded. References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax. References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which the Group has legal responsibilities.

Aim

This strategy applies from the date of publication until it is superseded. References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax. References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which the Group has legal responsibilities.

Governance in relation to UK taxation

  • Ultimate responsibility for Vision Support Services Global’s tax strategy and compliance rests with the Board of Vision Support Services Global;
  • Executive management of the group’s tax affairs is delegated by the Board to the Group Finance Director (‘FD’) of Vision Support Services Global. The FD reports to the Board on Vision Support Services Global’s tax affairs and risks during the year;
  • The FD is the Board member with executive responsibility for tax matters;
  • Day-to-day management of Vision Support Services Global’s tax affairs is split between the FD and the Group Financial Controller (‘FC’). The Group Financial Accountant and FC support the FD on tax matters;
  • The Board ensures that Vision Support Services Global’s tax strategy is one of the factors considered in all investments and significant business decisions taken.

Risk Management

  • Vision Support Services Global seeks to reduce the level of tax risk arising from its operations as far as is reasonably practicable by ensuring that reasonable care is applied in relation to all processes which could materially affect its compliance with its tax obligations;
  • Processes relating to different taxes are allocated to appropriate process owners, who carry out a review of activities and processes to identify key risks and mitigating controls in place. These key risks are monitored for business and legislative changes which may impact them and changes to processes or controls are made when required;
  • Appropriate training is carried out for staff who manage, or process matters which have tax implications;
  • Advice is sought from external advisers where appropriate.

Attitude towards tax planning and level of risk

Vision Support Services Global manages risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.

When entering into commercial transactions, Vision Support Services Global seeks to take advantage of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. Vision Support Services Global does not undertake tax planning unrelated to such commercial transactions.

The level of risk which Vision Support Services Global accepts in relation to UK taxation is consistent with its overall objective of achieving certainty in the group’s tax affairs. At all times Vision Support Services Global seeks to comply fully with its regulatory and other obligations and to act in a way which upholds its reputation as a responsible corporate citizen. In relation to any specific issue or transaction, the FD is ultimately responsible for identifying the risks, including tax risks, which need to be addressed and for determining what actions should be taken to manage those risks, having regard to the materiality of the amounts and obligations in question.

Relationship with HMRC

Whilst Vision Support Services Global does not have a Customer Compliance Manager, the Group seeks to have a transparent and constructive relationship with HMRC where possible.

Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified.

List of entities covered by this Tax Strategy

HLL Linens Limited
L Whitaker Services Limited
Vision Support Services Global Limited
Vision Support Services Group Limited
Vision Support Services Ltd