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Tax Strategy

Tax Strategy

 

PageGroup is and always has been about people. We create opportunities for people to reach their potential, this includes our clients, candidates, and employees. Every day we change lives within the communities in which we operate around the world.

This tax strategy document sets out PageGroup’s approach to managing the Group’s tax affairs and the risks associated with them. It is guided by an overall adherence to corporate and social responsibility in the countries we operate, while serving the interests of our clients, candidates, employees, and stakeholders.

This tax strategy document is approved by the Board of Directors and is subject to periodic review. This document is compliant with the requirements under paragraph 16(2) of Schedule 19 of the Finance Act 2016, applicable in the United Kingdom for the financial year ending 31 December 2024.

PageGroup Tax Strategy

The PageGroup tax strategy, is as follows:

  • We act in accordance with and seek to comply with relevant tax laws and obligations in all the countries we operate in. Complying with the spirit as well as the letter of the law and seek to pay the right amount of tax, at the right time and in the right place.
  • We have established tax risk management processes that enable the identification, assessment, management and mitigation of key tax risks, along with accurate recording and reporting.
  • We manage taxes in an efficient manner that supports our business and reflects commercial and economic activity. We do not engage in tax evasion, nor planning that aims to achieve results that are contrary to the intention of legislation.
  • We believe in an open and constructive dialogue with tax authorities and seek to maintain cooperative and trusted relationships.
  • We communicate appropriate information regarding our tax affairs clearly to all stakeholders.

Implementation of our tax strategy requires the following:

Acting within the spirit and letter of the law

We believe that it is usually clear what a law is seeking to achieve, and we shall interpret relevant tax laws accordingly. Where it is less clear, we will seek external specialist expertise as to the most appropriate interpretation.

Management of tax risk

Our tax risk management, governance and controls environment include measures and tools to ensure that we can identify, assess, manage, and mitigate any operational reporting, financial reporting and compliance tax risks in all the countries we operate in. This enables us to determine what level of tax risk is acceptable to management and our stakeholders, manage that tax risk and deal with tax risk outcomes should they arise.

The tax strategy is regularly reviewed to ensure that the people, processes and technology deployed to manage our tax affairs remain fit for purpose.

Attitude to tax planning

We seek to comply fully with applicable tax laws and to pay the right amount of tax at the right time in the countries in which we operate.

Where it is appropriate to do so, we will structure our tax affairs efficiently. Tax planning will only be considered in the context of the commercial needs of the Group and within all applicable laws. We will not consider putting in place any arrangements that are contrived or artificial where the sole purpose is for the avoidance of tax.

We ensure that financial statements and tax returns include sufficient detail to enable the tax authorities to form an accurate view of the affairs of the company filing the financial statements and return, with an adequate supporting audit trail and sign-off process.

Approach towards relationships with tax authorities

We seek to maintain professional and open relationships with HMRC and other tax authorities that we deal with, in particular acting in a cooperative manner with a view to having this approach reciprocated.

PageGroup takes appropriate steps to demonstrate that it is a compliant business with effective tax management processes and controls. The Group aims to work with tax authorities in a timely and constructive manner to resolve disputes should they arise.

Proper identification and recognition of stakeholders

The commercial needs of the Group are central to the continued success of our business, which benefits our clients, candidates, employees, investors and the governments of the countries that we operate in and to which we and our employees pay taxes. In addressing those commercial needs, due consideration is given to safeguarding the Group’s reputation and good standing and to our wider corporate and social responsibilities. The Group’s tax affairs are conducted in that context. 

Published on 16 December 2024