MJ Gleeson plc Tax Strategy - Published 30/11/22
This strategy applies to MJ Gleeson plc and to the group of companies headed by MJ Gleeson plc in accordance with 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 ‘MJ Gleeson plc’ or ‘the Group’ are to all these entities. This tax strategy was published on 30 November 2022 and MJ Gleeson plc regards this publication as complying with its duty under paragraph 16(2) Schedule 19 FA 2016 in its financial year ending 30 June 2023.
This strategy applies from the date of publication until it is superseded. 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.
MJ Gleeson plc is committed to full compliance with all statutory obligations and full disclosure to relevant 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 MJ Gleeson plc’s overall high standards of governance.
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 take advantage 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.
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 inthe 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 andidentifies any transactions or issues where it considers that there is potential for the taxtreatment 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