Tax strategy

Ethics and compliance are principles integral to SUEZ in the UK. This tax strategy is fully aligned with these principles, which include a zero-tolerance approach to corruption.

 

Board members and employees all have an essential role in preserving the integrity, reputation, and sustainable growth of SUEZ in the UK.

The SUEZ in the UK Chief Financial Officer, and other statutory directors, are responsible for the management of any tax risk and for ensuring appropriate controls are in place and effective. Internal processes and controls support tax compliance and the transactional obligations of the business.

 

The SUEZ Head of Tax in the UK is part of the Finance function that reports to the Chief Financial Officer. They are supported by a Tax Department with appropriate professional qualifications and experience commensurate with the responsibilities required for their roles. The key functions of the Tax Department include advising the business on the tax implications of business transactions, monitoring tax-sensitive processes and controls, identifying and mitigating tax risks, and managing the tax reporting and compliance activities. The SUEZ Head of Tax in the UK is responsible for the overall relationship of SUEZ in the UK with HMRC.

SUEZ in the UK has a strong commercial focus and as part of its duty to stakeholders will look to maximise value. This will include the utilisation of tax reliefs and allowances in the manner in which was intended by the tax authorities and statute. SUEZ in the UK does not engage in artificial tax arrangements.

 

Tax advice may be sought from external advisors in respect of material transactions and where there is significant uncertainty or complexity.

The level of tax risk that is considered acceptable within SUEZ in the UK is continually evaluated and monitored in line with its business objectives. SUEZ in the UK’s reputation, brand, and corporate and social responsibilities will inform the approach taken in any tax-sensitive transactions.

SUEZ in the UK has an open and transparent relationship with HMRC, and is proactive in disclosing issues, risks and uncertain tax positions on a timely basis. Where differences of opinion arise, SUEZ in the UK works constructively with HMRC with a view to obtaining early resolution and certainty.

• SUEZ Recycling and Recovery UK Group Holdings Limited and its subsidiaries
• SUEZ Advanced Solutions Holding UK Limited
• SUEZ Advanced Solutions UK Ltd
• Inflowmatix Limited
• SUEZ Smart Solutions Limited
• Optimatics LLC UK branch