LSH Auto Group Limited Tax Policy

LSH Auto Group Limited regard this policy as complying with their duties under paragraph 22(2) of Schedule 19 Finance Act 2016. This policy applies to LSH Auto Group Limited for the financial year ended 31 December 2023.

1. Commitment to compliance

We are committed to compliance with tax law and practice. That means paying the appropriate amount of tax in the right place at the right time. It involves disclosing all relevant facts and circumstances to the tax authorities while claiming reliefs and incentives where available. We aim to file all our tax returns in a timely manner.

2. Tax planning

In structuring our business activities, we take into account relevant tax laws. Any structuring that is undertaken will be consistent with commercial and economic substance and will take into account the potential impact on our reputation and our strategy as a responsible business. We will not put in place any arrangements that are contrived or artificial.

3. Attitude towards tax risk

We consider that the business has a low risk attitude in relation to tax and seeks to minimise the risk of uncertainty or disputes. The business engages professional advisors to provide compliance advice on both direct and indirect tax matters, where considered appropriate.

4. Risk management

We seek to identify, evaluate, monitor and manage risks to ensure we comply in full with our legal obligations and our strategy of being a responsible business. Where there is significant uncertainty or complexity in relation to a risk, we take appropriate professional advice and/or discuss the matter with the relevant tax authority.

5. Dealings with HMRC

We seek to engage with HMRC openly and honestly and in a spirit of co-operative compliance. We seek to have a relationship with HMRC that is very positive and consultative in its approach. We fully intend to resolve any differences through transparent discussion.

6. Governance

The governance of our arrangements in relation to UK taxation is overseen by the Operations Director, supported by professional advisors. This arrangement is approved and under the control of directors and our senior management team.

In accordance with Paragraph 2 Schedule 46 Finance Act 2009, the Operations Director, as Senior Accounting Officer certified in respect of the last filed financial statements that LSH Auto Group Limited had appropriate tax accounting arrangements throughout the year.