Lohmann Breeders UK Limited UK Tax Strategy

This strategy applies to Lohmann Breeders UK Limited (“the Company”). This strategy was published on 12th May 2024 and the Company regards this publication as complying with its duty under paragraph 19(2) Schedule 19 FA 2016 in its financial year ended 30 June 2024.

This strategy applies from the date of publication until it is superseded.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 Company has legal responsibilities.

The Company is committed to full compliance with all statutory obligations and full disclosure to relevant tax authorities. The Company’s tax affairs are managed in a way which takes into account the Company’s wider corporate reputation in line with the Company’s overall high standards of governance.

• Ultimate responsibility for the Company’s UK tax strategy and compliance rests with the director of the Company.

• The Company’s requirement to monitor the integrity of the financial reporting system, internal controls and risk management framework, expressly includes those elements in relation to taxation.

• Day-to-day management of the Company’s tax affairs is supported by external advisers.

• The director of the Company ensures that the Company’s tax strategy is one of the factors considered in all investments and significant business decisions taken.

• The Company operates a system of tax risk assessment and controls as a component of the overall internal control framework applicable to the Company’s financial reporting system.

• The Company seeks to reduce the level of tax risk arising from its operations as far as is reasonably practicable by ensuring that reasonable care is applied in relation to all processes which could materially affect its compliance with its tax obligations.

• Processes relating to different taxes are allocated to appropriate process owners, who carry out a review of activities and processes to identify key risks and mitigating controls in place. These key risks are monitored for business and legislative changes which may impact them and changes to processes or controls are made when required.

• Appropriate training is carried out for staff outside the finance team, who manage or process matters which have tax implications.

• Advice is sought from external advisers where appropriate, and in particular in cases of uncertainty or complexity in relation to tax.

The Company manages risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.

When entering into commercial transactions, the Company seeks to take advantage of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. The Company does not undertake any tax planning inconsistent with its commercial objectives.

The level of risk which the Company accepts in relation to UK taxation is consistent with its overall objective of achieving certainty in its tax affairs. At all times the Company seeks to comply fully with its regulatory and other obligations and to act in a way which upholds its reputation as a responsible corporate citizen. In relation to any specific issue or transaction, the director of the Company is ultimately responsible for identifying the risks, including tax risks, which need to be addressed and for determining what actions should be taken to manage those risks, having regard to the materiality of the amounts and obligations in question.

The Company seeks to have a transparent and constructive relationship with HMRC through communication in respect of developments in the Company’s business, current, future and retrospective tax risks, and interpretation of the law in relation to all relevant taxes.

The Company ensures that HMRC is kept aware of significant transactions and changes in the business and seeks to discuss any tax issues arising at an early stage. When submitting tax computations and returns to HMRC, the Company discloses all relevant facts and identifies any transactions or issues where it considers that there is potential for the tax treatment to be uncertain.

Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified. All dealings with HMRC are undertaken in a collaborative and timely manner.

Published on 12th May 2024