Tax Strategy

• The Group operates a system of tax risk assessment and controls as a component of the overall internal control framework applicable to the Group’s financial reporting system;
• MJ Gleeson plc 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 outside the finance team who manage or 
  process matters which have tax implications;
• Advice is sought from external advisers where appropriate. 

MJ Gleeson plc 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, the Group seeks to make use of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. MJ Gleeson plc does not undertake tax planning unrelated to such commercial transactions or which require notification under the Disclosure of Tax Avoidance Schemes Regulations or to which the UK’s General Anti-Abuse Rule would be reasonably anticipated to apply. 

MJ Gleeson plc does not enter into artificial or abusive arrangements for the purpose of  achieving a tax advantage. MJ Gleeson plc does not maintain any type of connection to “tax havens” unrelated to legitimate trading activity, and does not seek to take advantage of the secrecies that many tax havens provide.

The level of risk which MJ Gleeson plc accepts in relation to UK taxation is consistent with its  overall objective of achieving certainty in the Group’s tax affairs. At all times the Group 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. 

MJ Gleeson plc seeks to have a transparent and constructive relationship with HMRC through regular meetings and communication in respect of developments in MJ Gleeson plc’s  business, current, future and retrospective tax risks, and interpretation of the law in relation  to all relevant taxes.

MJ Gleeson plc ensures that HMRC is kept aware of significant transactions and changes in the business and seeks to discuss any tax issues arising at an early stage. When submitting tax computations and returns to HMRC, MJ Gleeson plc 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. 

MJ Gleeson plc

Gleeson Developments Limited

Gleeson Regeneration Limited

Gleeson Developments (North East) Limited

Gleeson Land Limited

Gleeson Land (Fleet) Limited

MJ Gleeson Group Limited

Gleeson Construction Services Limited