The publication of this tax strategy by AEGIS London is regarded as satisfying our obligation under paragraph 16(2) of Schedule 19 of the Finance Act 2016 to publish a tax strategy for AEGIS London Holdings Limited and its affiliated UK entities (“AEGIS London”) for the year ended 31 December 2021. A full list of these entities is set out in the Appendix below.
This tax strategy is approved, owned and overseen by the Board of Directors of AEGIS Managing Agency Ltd and comprises three key components:
1. Approach to tax management and planning
AEGIS London has a zero tolerance policy to tax evasion and the facilitation of tax evasion. We are fully committed to complying with all legislation and applicable guidelines designed to prevent tax evasion and the facilitation of tax evasion in the jurisdictions in which we, our clients, our suppliers and our business partners operate.
AEGIS London aims to:
a. Meet the duty and responsibility to pay the right amount of tax in the right place at the right time;
b. Comply with all applicable tax laws in every jurisdiction AEGIS London operates;
c. Assess and claim tax reliefs and incentives where available.
Any tax planning that may be undertaken considers any tax reliefs and incentives available to AEGIS London that are in accordance with the legislation and related HMRC guidance. Professional tax advice is sought where applicable. AEGIS London does not undertake planning that is contrived or artificial.
2. Approach to tax risk management and risk appetite
Tax risk may arise from the interpretation of tax law or when making tax decisions on any non-standard and/or complex transactions. AEGIS London takes a conservative approach to tax risk.
Tax risk is managed by AEGIS London as follows:
a. Tax risks are identified, communicated and controlled in line with the overall AEGIS London risk management framework;
b. Appropriate professional advice will be sought, when required;
c. Engagement with external advisors on a regular basis to access technical updates, advance notice of changes to legislation, and industry best practice.
3. Engagement with tax authorities
AEGIS London maintains a transparent and co-operative relationship with HMRC. The aim is to conduct dealings with HMRC with honesty, integrity, respect and fairness. AEGIS London seeks to build a good relationship with its Customer Relationship Manager, and to respond to any queries in a timely and appropriate manner.
This content was updated on 2 December 2021.
List of companies covered by the AEGIS London UK tax strategy:
AEGIS London Holdings Limited
AEGIS Electric & Gas International Services Limited (including Syndicate 1225)
AEGIS Electric & Gas International Services Limited 2
AEGIS Electric & Gas International Services Limited 3
AEGIS Electric & Gas International Services Limited 4 (including Syndicate 1225)
AEGIS Electric & Gas International Services Limited 5 (including Syndicate 1225)
AEGIS Managing Agency Limited
AEGIS London Services Limited