For avoidance of doubt, this tax strategy covers the recycling and recovery UK sub-group headed by SUEZ UK Group Holdings Ltd and herein referred to as “SUEZ UK”.
The publication of this statement is regarded as complying with Part 2 of Schedule 19 Finance Act 2016 in respect of the year ended 31 December 2018. It was approved by the Board for publication on 04 December 2018.
This tax strategy is aligned with the four fundamental principles defined in the SUEZ Ethics Charter:
Board members and employees all have an absolute duty to act in a way that could never cast the slightest doubt on the ethical integrity of SUEZ.
The Board recognises that compliance with tax filing and payment obligations is one of its key responsibilities. In common with all aspects of the operation of its business, the oversight of tax is assigned to one member of the Board, namely the Chief Financial Officer (CFO), whose responsibility is to appraise the Board of key tax events. This allows all Board members to be adequately engaged in the tax affairs of SUEZ UK and thereby ensure adherence to their responsibilities.
The CFO is ultimately responsible for the management of any tax risk and for ensuring appropriate controls are in place and effective. Internal processes and controls support the tax compliance and transactional obligations of the business.
The UK Head of Tax is part of the Finance function that reports to the CFO and is 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 UK Head of Tax is responsible for the overall relationship with HMRC.
SUEZ 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 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.