Miller (UK) Tax

Miller (UK) Tax Statement

Miller UK Tax strategy for the Fiscal Year Ending 31 December 2023

This document outlines Miller UK’s tax policy and approach to conducting its UK tax affairs and dealing with UK tax risk in compliance with Schedule 19 of Finance Act 2016. The tax team will periodically review this document, working together with business partners, to ensure that:

  • Business conduct is performed in compliance with the UK tax laws and regulations.
  • The integrity of Miller UK’s reported tax liabilities are maintained and its tax obligations are in compliance at all times.

Miller UK Tax Policy

Miller UK is committed to conduct their tax matters in accordance with the following principles:

  • To comply with tax laws, reporting, and disclosure requirements in the UK.
  • To make certain the tax strategy is conducted with the highest integrity.
  • To apply attentiveness and carefulness in the management of tax matters to ensure that the tax matters and governance procedures are appropriately followed.
  • Miller UK will use available tax incentives, relief programs, and exemptions to maintain its tax liabilities as allowed by UK tax laws and regulations.

Miller UK Tax Governance and Risk Management

The main function of Miller UK is to hold adjuvant registrations covering UK and European markets.

Miller UK has no employees located in the UK. The finance and direct compliance functions are conducted by an accounting and tax firm located in the UK.

UK Taxation Acceptable Level of Risk

Miller UK accepts a level of risk that conforms to its overall objective of achieving certainty in its tax affairs.

The following elements are considered during tax risk reviews:

  • The legal and fiduciary duties of directors and employees.
  • The tax charges, tax benefits, and the impact on Miller UK’s reported financial results and tax returns.

Tax Planning for UK Taxation

Miller UK meets taxation obligations in the UK:

  • In commercial transactions, Miller UK utilizes available tax incentives, relief programs and exemptions in line with the terms outlined in the tax laws.
  • Miller UK does not undertake any aggressive tax planning initiatives related or unrelated to any commercial transactions.

Approach Towards Dealings with HMRC

Miller UK seeks to have a transparent and constructive relationship with HMRC:

  • Miller UK discusses significant tax issues with HMRC as they arise.
  • Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practical once they have been identified.

Tax Contribution

The main taxes paid to the UK government were as follows:

  • VAT
  • Corporation income taxes
  • Employment taxes

November 15, 2024