Alliance Automotive Group UK (“AAGUK”) Tax Strategy
AA UK is committed to complying with tax laws in a responsible manner and to having open and constructive relationships with tax authorities.
This strategy applies to AA UK and to the group of UK companies headed by GPC Europe Automotive Group Limited in accordance with paragraphs 19 and 25 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 ‘AAGUK’ or ‘the Group’ are to all these entities. The strategy has been published in accordance with paragraph 16(4) of the Schedule by being included in AA UK’s annual report.
This strategy applies from the date of publication until it is superseded.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 AAGUK has legal responsibilities.
AAGUK is committed to full compliance with all statutory obligations and full disclosure to tax authorities. The Group’s tax affairs are managed in a way which takes into account the Group’s wider corporate reputation in line with AAGUK’s overall high standards of governance.
Governance in relation to UK taxation
- Ultimate responsibility for AAGUK’s tax strategy and compliance rests with the Board of AAGUK
- Executive management of the group is delegated by the Board to the Executive Committee (‘EXECOM’)
- The Finance Director (‘FD’) is the EXECOM member with executive responsibility for tax matters;
- Day-to-day management of AAGUK’s tax affairs is delegated to the finance team, who report to the FD
- The finance team is staffed with appropriately qualified individuals
- The Board and EEXCOM ensure that AAGUK’s tax strategy is one of the factors considered in all investments and significant business decisions taken
- AAGUK 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
Attitude towards tax planning and level of risk
AAGUK 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, AAGUK seeks to take advantage of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. AA UK does not undertake tax planning unrelated to such commercial transactions.
The level of risk which AAGUK accepts in relation to UK taxation is consistent with its overall objective of achieving certainty in the Group’s tax affairs. At all times AAGUK 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 Board 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
AAGUK seeks to have a transparent and constructive relationship with HMRC.
When submitting tax computations and returns to HMRC, AA UK discloses all relevant facts and identifies any transactions or issues where it considers that there is potential for the tax treatment to be uncertain.
Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified.
Country by country reporting
The UK Government adopted the OECD’s Base Erosion and Profit Shifting recommendations requiring multinationals to submit country by country tax reports to tax authorities. The group complies with this reporting.
List of entities covered by this Tax Strategy
GPC Europe Automotive Group Limited
Alliance Automotive UK Limited
Alliance Automotive Procurement Limited
Alize Topco Limited
Alize Lower Topco Limited
Alliance Automotive Finance plc
Alliance Automotive Holding Ltd
Alliance Automotive Investments Ltd
Group Auto Union UK & Ireland Limited
Alliance Automotive UK LV Limited
Alliance Automotive UK CV Limited
United Aftermarket Network Limited
FPS Distribution Limited
Ferraris Piston Service Limited
BTN Turbo Charger Service Limited
Platinum International Group Limited
Platinum International Limited
GPC Europe Finance Limited.