This document, approved by the board of Hachette Partworks Ltd. (“Company”), sets out the Company’s approach to conducting its tax affairs and dealing with tax risks for the year ending 31 December 2018.
Hachette Partworks is a company dedicated to publishing collectible magazines.
Hachette Partworks is committed to:
The identified tax risks are assessed on a case by case basis, allowing the Company to arrive at well-reasoned conclusions on how each individual risk should be managed. Where there is uncertainty in how the relevant tax law should be applied, external advice may be sought to support the Company’s decision-making process.
When reviewing the tax risks associated with a specific decision or action, the Company ensures that the following are considered:
The Company has clearly defined lines of responsibility for its tax affairs, ensuring that they are dealt with at an appropriate level.
The Company’s tax planning aims to support the commercial needs of the business by ensuring that the Company’ affairs are carried out in the most tax efficient manner whilst remaining compliant with all relevant laws. The tax function therefore aims to be involved in commercial decision-making processes and provides appropriate input into business proposals to ensure a clear understanding of the tax consequences of any decisions made.
In cases where the tax guidance is unclear, or the Company does not feel it has the necessary expert knowledge to assess the tax consequences adequately, external advice may be sought to support the Company’s decision-making process.
Approach towards dealings with HMRC
The Company is committed to the principles of openness and transparency in its approach to dealing with HMRC. In particular, the Company is committed to:
Company to which this strategy document relates
This strategy applies to Hachette Partworks Ltd. only (Company reg. number: 03642341).
As the Company is part of a wider, global group, Lagardère SCA, the wider group’s tax strategies are dealt with across other locations. It should be noted that these strategies do not directly affect the process of compliance with UK tax laws and regulations.
The wider group owns UK companies that are not under the control and responsibility of Hachette Partworks.