This HMRC COMPLIANCE POLICY (hereinafter the
“Policy”) outlines the commitment of Leverage Workplace Motivation LTD (hereinafter the
“Company” and/or
“we”, “our”,
“us”) to adhere to all relevant laws and
regulations set forth by His Majesty's Revenue and Customs (HMRC). It is
designed to ensure that our company conducts its tax affairs accurately,
transparently, and in full compliance with the law.
Scope
This Policy applies to all employees, directors, and officers of the
Company, including temporary staff, contractors, and consultants. It
covers all aspects of our tax obligations, including but not limited to
corporate tax, VAT, PAYE, and National Insurance contributions.
Commitment to Compliance
The Company is committed to maintaining the highest standards of tax
compliance. We recognize that complying with HMRC regulations is essential
to our reputation, financial integrity, and legal standing. We strive to
meet all our tax obligations in a timely and accurate manner.
Roles & Responsibilities
The Board of Directors holds ultimate responsibility for ensuring
compliance with HMRC regulations. The Finance Director is responsible for
overseeing the implementation of this Policy and ensuring that all
tax-related activities are conducted in accordance with HMRC guidelines.
All employees are expected to comply with this Policy and report any
concerns or potential violations to the Finance Director.
Tax Planning and Reporting
The Company is aligned with our business operations and complies with HMRC
regulations. We will not engage in aggressive tax planning or artificial
arrangements designed to evade tax liabilities. All tax returns and
reports are prepared accurately and submitted on time. We maintain proper
our records and documentation to support all tax filings.
Training & Awareness
We also provide regular training to relevant employees to ensure they are
aware of HMRC requirements and understand their responsibilities under
this Policy. Training sessions cover updates to tax laws, reporting
obligations, and procedures for identifying and managing tax risks.
Internal Controls & Audits
The Company implements and maintains effective internal controls to ensure
tax compliance. These controls include regular reviews and audits of our
tax processes and records. Any discrepancies or issues identified during
audits shall be addressed promptly, and corrective actions will be
implemented as necessary.
Engagement with HMRC
We maintain open and transparent communication with HMRC. Any queries or
requests for information from HMRC shall be responded to promptly and
accurately. In the event of any errors or issues in our tax filings, we
disclose these to HMRC and take appropriate steps to rectify them.
Risk Management
The Company adopts a proactive approach to managing tax risks. This
includes identifying potential tax risks through regular assessments and
implementing measures to mitigate these risks. We stay informed about
changes in tax laws and regulations and adjust our policies and procedures
accordingly.
Whistleblowing & Reporting Concerns
Employees are encouraged to report any concerns or suspicions of
non-compliance with this Policy. Reports can be made anonymously and will
be treated confidentially. No employee will face retaliation for reporting
genuine concerns. Any reports of non-compliance will be investigated
thoroughly, and appropriate actions will be taken.
Review & Monitoring
This Policy shall be reviewed annually by the Finance Director to ensure
its effectiveness and alignment with current HMRC regulations. Any changes
to the Policy will be approved by the Board of Directors and communicated
to all employees.
Conclusion
The Company is dedicated to maintaining compliance with HMRC regulations.
By adhering to this Policy, we aim to uphold our ethical standards,
protect our reputation, and contribute positively to the UK Tax System.
All employees are expected to support and adhere to this Policy to ensure
our continued compliance and success.
