1. Introduction
1.1 Background
This tax policy has been created to articulate and communicate the Securitas Group’s worldwide tax policy and strategic tax objectives.
The Securitas Group´s approach to tax seeks to align with the long-term interests of all its stakeholders, including governments, shareholders, employees and communities. We also note an increasing amount of regulations applicable to the Securitas Group in addition to our own continuing growth in size and complexity. This requires a reliable, centralized and formalized internal tax function, without losing the flexibility of the decentralized business model which is one of the main factors for the continued success of the Securitas Group.
The Securitas Group will publish their worldwide tax policy on the Securitas website to enable wider stake holders to read and understand this. This is anticipated to fulfil policy disclosure requirements in the territories where the Securitas Group operates.
This tax policy satisfies paragraph 19 of schedule 19 to the UK Financing Act 2016. A list of the UK entities to which it applies is set out in Appendix 1 below. The tax policy has been published in accordance with paragraph 19(2) of the Schedule by Securitas Services Holding UK Limited as the Head of the UK Sub-group.
This strategy applies from the date of publication until it is superseded.
References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax. References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which the Group has legal responsibilities.
1.2 Scope
This tax policy is applicable for all companies that are controlled by Securitas AB.
The tax policy and our strategic objectives encompass a range of taxes (corporate income tax, indirect taxes, and employment taxes) and similar levies applicable to the Securitas Group.
1.3 Ownership and audience
This document is owned by the Head of Group Tax, who reports directly to the Vice President Finance. The policy is reviewed and approved by the CEO and CFO and ultimately by the Board of Directors on an annual basis, as part of their responsibility for the Securitas Group’s tax position.
The policy is supported and reinforced by the Securitas Tax Department (“Securitas Tax”), and local Country Presidents supported by local controllers of the Securitas Group’s companies, who are fully involved in and responsible for compliance with local tax legislation.