GRI Compliance / Economic
Tax 2019
For Management Response click here.
For Reporting Boundaries and Methodologies click here.
REF | Estado | Disclosure | Our Response |
---|---|---|---|
GRI 207-01 | Partial Disclosure | Approach to tax
| The Board of Directors of Babcock International Group PLC has ultimate responsibility for the tax strategy of the Group. Responsibility for implementation of / continued compliance with this strategy lies with the Group CFO, who is supported by the Group Head of Tax, who assumes day to day responsibility in this area. Further details on our approach to tax can be found in our Annual Report and Financial Statements on page 189. The Group meets its legal obligation to make its tax strategy publicly available on its website. |
GRI 207-02 | Partial Disclosure | Tax governance, control, and risk management
| The Board of Directors of Babcock International Group PLC has ultimate responsibility for the tax strategy of the Group. Responsibility for implementation of / continued compliance with this strategy lies with the Group CFO, who is supported by the Group Head of Tax, who assumes day to day responsibility in this area. On an annual basis, the Head of Tax gives a full tax presentation to the Board, which will include:
At the end of the second quarter of the accounting period, the Group submits its annual SAO (Senior Accounting Officer) self-certification, in respect of Tax Controls Frameworks and ensures its tax controls and processes are as good as possible in order to help it achieve the highest levels of tax compliance. |
GRI 207-03 | Partial Disclosure | Stakeholder engagement and management of concerns related to tax
| At Babcock, we strive to have an open and collaborative dialogue with tax authorities. In particular, this includes a regular dialogue with HM Revenue & Customs in the UK in respect of all relevant tax matters, including the Group’s HMRC risk rating, which is assessed annually. As set out in the Group’s tax strategy document, the Group ensures compliance with UK Government Contractor Guidelines.
|
GRI 207-04 | Partial Disclosure | Country-by-country reporting The reporting organization shall report the following information:
| Babcock is supportive of new tax compliance and disclosure regimes within the UK and elsewhere, such as Country-by-Country-Reporting and the new Transfer Pricing documentation requirements. Further details on our approach to tax can be found in our Annual Report and Financial Statements on page 189. |