Our Tax Strategy

C.J. Lang & Son Limited (“the Company”) details its tax strategy below, in accordance with Schedule 19 of the Finance Act 2016. This strategy is relevant for financial year ended 30 April 2022. It will be reviewed annually and updated as appropriate. The scope of this strategy covers all forms of direct or indirect taxes and applies to all entities within the Company.

The Company aims to pay tax wholly and punctually, in full compliance with legislative and regulatory requirements.

The Company maintains robust internal policies, procedures, training, and compliance to support its tax control framework and manage risk.

Tax Planning

The Company prioritises tax compliance and punctual payment of taxes above all factors.

Risk Management and Governance

The Company Finance Director and Company Group Financial Accountant are responsible for setting the tax strategy of the Company, which requires approval by the Board. Independent external advisors provide assurance to the company that compliance is maintained as commercial strategy evolves and legislation changes.

Risk Tolerance

The Company, guided by the Board of Directors, has very little appetite for tax risk. Expert advice is sought on a periodic basis and as required to ensure that compliance is maintained with relevant legislation in force at the time.

It is highly likely any strategy or tax planning that would require formal notification to HMRC in advance is likely to breach acceptable risk level and be rejected by the Board of Directors.

Relationship with HMRC

The Company aims to have a proactive open and transparent relationship with HMRC, preparing and storing records and documentation fully and orderly. The Company maintains what it believes to be effective, robust, digital accounting system which has been reviewed by external advisors and the Company’s auditors in order to react to routine enquiries and resolve issues as efficiently and constructively as possible.