Tax Strategy and Policies

The following information is provided in compliance with the requirements of Finance Act 2016.


TAX STRATEGY AND POLICIES


JGC CORPORATION (UK) LIMITED/JGC NEW ENERGY UK LIMITED
TAX STRATEGY AND POLICIES

Introduction
  • JGC CORPORATION (UK) LIMITED and JGC NEW ENERGY UK LIMITED (hereinafter referred to as JGC UK Entities) set out herein their Tax Strategy and Policies.
  • This document has been approved by the Boards of Directors of the JGC UK Entities on 31 December 2017.
  • This document is being published in accordance with paragraph 16(2) of the UK Finance Act 2016 and is effective for the fiscal year 2017.

Compliance with Tax Laws
  • JGC UK Entities are committed to conducting business in a legal, ethical and professional manner.
  • JGC UK Entities are committed to maintaining a high standard of integrity in all UK tax matters.
  • JGC UK Entities comply with all relevant tax laws, rules, regulations, and the spirit of UK tax law.

Tax Strategy and Policies
  • JGC UK Entities will not undertake transactions wholly motivated by tax avoidance or from which there is no economic benefit to JGC UK Entities other than legitimate tax savings.

Tax Governance
  • Day-to-day tax matters are delegated to the accounting staff of JGC UK Entities.
  • JGC UK Entities seek professional advice from reliable accounting firms to ensure that their interpretation of UK tax law and its spirit is correct.
  • Throughout their employment of these firms, JGC UK Entities identify and avoid tax risks in the UK such as the filing of late or inaccurate tax returns, etc.

Relationship with HM Revenue & Customs
  • JGC UK Entities are open and transparent in their approach to dealings with HM Revenue & Customs (hereinafter called HMRC).
  • All dealings with HMRC are conducted in a courteous and timely manner.