The Fair Tax Mark – the gold standard of responsible tax conduct

We are proud to have renewed our Fair Tax Mark accreditation once again in recognition of our continued commitment to responsible and transparent tax conduct.

The Fair Tax Foundation (FTF) was launched in 2014 and operates as a not-for-profit social enterprise. Developed by a team of tax justice, corporate responsibility and ethical consumerism experts, the Fair Tax Mark accreditation scheme seeks to encourage and recognise businesses that pay the right amount of corporation tax, at the right time and in the right place.

A wide range of businesses have been accredited with the Fair Tax Mark, including brands such as Timpson, Lush, and Richer Sounds, FTSE listed companies including SSE and Marshalls Plc., as well as co-operatives, family businesses and social enterprises.

The FTF believe companies paying tax responsibly and transparently should be celebrated:

“Tax contributions are a key part of the positive social and economic impact made by your business. They help the communities in which you operate to deliver valuable public services like education, healthcare, roads, policing and more.

The growth of tax havens and unethical corporate tax conduct have become prominent concerns across the world. Across the globe, 35% of multinational profits (US$1tn) are artificially shifted to tax havens each year, leading to a 10% worldwide reduction in corporate income tax revenue (which equates to a US$170bn annual deficit).”

Our pledge

Full UK corporation tax

Meter Manager Ltd is committed to paying all the taxes that we owe in accordance with the spirit of all tax laws that apply to our operations. We believe that paying our taxes in this way is the clearest indication we can give of being responsible participants in society.

We will fulfil our commitment to paying the appropriate taxes that we owe by seeking to pay the right amount of tax, in the right place, and at the right time. We aim to do this by ensuring that we report our tax affairs in ways that reflect the economic reality of the transactions that we undertake during the course of our trade.

No loopholes

We will not seek to use those options made available in tax law, or the allowances and reliefs that it provides, in ways that are contrary to the spirit of the law. Nor will we undertake specific transactions with the sole or main aim of securing tax advantages that would otherwise not be available to us based on the reality of the trade that we undertake.

No tax avoidance schemes

Meter Manager Ltd will never undertake transactions that would require notification to HM Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonably anticipated that the UK’s General Anti-Abuse Rule might apply.

No tax havens

We believe tax havens undermine the UK’s tax system. As a result, whilst we may trade with customers and suppliers genuinely located in places considered to be tax havens, we will not make use of those places to secure a tax advantage, and nor will we take advantage of the secrecy that many such jurisdictions provide for transactions recorded within them.

Full disclosure

Our accounts will be prepared in compliance with this policy and will seek to provide all the information that users, including HM Revenue & Customs, might need to properly appraise our tax position.

 

We are proud to be accredited and hope that many more businesses join the Fair Tax Mark scheme, which seeks to bridge gap between corporate responsibility and the wider tax justice movement.

More information, please see the Fair Tax Mark Foundation website and our latest statement.