Tax Policy – Ingredion UK Companies
This policy covers Ingredion UK Limited and Laing-National Limited (referred to below as “Ingredion UK companies”)
Ingredion UK companies regard this publication as complying with the duty under Para 16(2) and Para 19(2), Schedule 19, Finance Act 2016. This policy is published in respect of the period ended 31st December 2018.
The overall objective of this Ingredion tax policy is to ensure compliance with applicable tax laws and relevant tax regulations in the UK.
The Ingredion UK companies’ boards provide oversight of the Tax Policy.
Ingredion UK companies have qualified and skilled staff to implement the Tax Policy.
Ingredion UK companies also train relevant staff to ensure compliance with the Tax Policy.
Ingredion UK companies work closely with independent tax advisers to ensure compliance with applicable UK tax requirements.
Tax planning is the responsibility of our Global Tax Group. We also seek to minimise and manage tax risk in line with the normal business practices.
Ingredion UK companies work closely with our Global Tax Group to actively identify, evaluate, monitor and manage the tax risks arising from the implementation of Ingredion Group Tax Planning to ensure that these risks remain in line with the group’s commercial objectives. This is achieved through regular meetings and communication between Ingredion UK companies and Group Tax personnel.
Tax Risk Management
Ingredion UK companies’ tax arrangements are based on our economic and commercial activities.
We align our transfer pricing policy with the OECD guidelines.
We seek regular opinions and advice from independent tax advisers on any new and complex tax matters.
Relationship with Her Majesty’s Revenue and Customs (HMRC)
Ingredion UK companies are committed to maintaining an open and transparent relationship with HMRC. We are in regular contact with HMRC and have in the past entered into advanced thin capitalisation agreements (ATCA).