Since 1870 we’ve lived and breathed malting. With this passion and expertise, and by combining traditional and modern techniques, we create an impressive range of malted and non-malted products, including several unique and exclusive barley malts.
There is nothing more we love than talking to brewers and distillers so if you have any questions, or would like to arrange a call with a member of our team, please feel free to get in touch – we would love to hear from you!
This document outlines the tax strategy and approach for Richardson Malting (UK) Limited and all of its direct or indirect subsidiaries incorporated or resident in the UK for the year ending December 31, 2024. A separate UK tax strategy has been published that is applicable to other UK companies in the Richardson group but not part of this UK subgroup.
Richardson Malting (UK) Limited regards this publication as complying with paragraph 19(2) of Schedule 19 of the Finance Act 2016.
Our approach to tax strategy aligns with the values and beliefs of our business. We act with honesty, integrity and fairness to ensure that we comply with all tax laws, rules and regulations.
We seek to identify, evaluate and manage tax risks that arise in respect of all UK taxes. We manage this risk through our own research and by consulting external advisors for technical expertise when necessary in order to keep any risk to a minimal level.
Compliance with tax regulations is one of the fundamental responsibilities of the board, and as such, tax affairs are handled by qualified professionals who advise the board on key items.
In order to satisfy our responsibility to the shareholders to minimize costs, we utilize tax reliefs available to us in the manner in which they were intended to be used. We seek expert advice where there is uncertainty or complexity in relation to tax law or its application. We are a responsible taxpayer and would not enter into planning arrangements which would not comply with applicable laws. Our tax positions reflect the business activities undertaken in the UK, and we do not enter into artificial or abusive arrangements to reduce our UK tax liability.
We are committed to a professional, open and transparent relationship with HMRC. We are proactive in all dealings with HMRC. It is important to us to maintain a positive working relationship.
Issue Date: December 2024
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