The IN Group
Tax Strategy

Introduction

This tax strategy document sets out The Group’s approach to managing the tax affairs and the risks associated with them. It is guided by an overall adherence to corporate and social responsibility in the countries we operate, while serving the interests of our clients, candidates, employees, and stakeholders

 

This tax strategy document is approved by the Board of Directors and Executive Leadership Team (ELT) and is subject to periodic review. This document is compliant with the requirements under paragraph 16(2) of Schedule 19 of the Finance Act 2016, applicable in the United Kingdom for the financial year ending 31 December 2025

 

Our principles and policy

We are committed to doing the right thing in everything we do.  With respect to tax. this means that the Group will:

  • Pay tax in accordance with all relevant laws and regulations.
  • Comply fully with all relevant tax laws and regulations in all the countries in which it operates.
  • Maintain an open and honest relationship with tax authorities; and
  • Conduct its tax affairs on sound commercial business principles.

It is not our role to determine the “fair” amount of tax to pay. It is our obligation to report and pay the correct amount of tax due, in accordance with rules set by the governments in the jurisdictions in which we operate. The ELT has determined that we have a ‘low’ risk appetite in the area of tax, and we will endeavour to implement the necessary policies, processes and controls to maintain our risk within this appetite.

 

Our policy has 5 key principles:

 

  1. We will comply with all relevant laws, rules, regulations and reporting and disclosure requirements.
  2. The Group tax strategy and the execution of this will be consistent with the Group’s risk management strategy, including the Group’s appetite for, and approach to, risk and the Group’s core values.
  3. All business will be conducted on sound commercial principles and, in doing so, will take account of all relevant costs, including tax, such that any transactions undertaken are executed in a tax compliant and efficient manner.
  4. We have implemented and will maintain robust governance processes and compliance monitoring to ensure confidence in our ability to make complete and accurate tax submissions and the timely payment of all appropriate amounts of tax.
  5. We will pursue open, constructive and transparent working relationships with all tax authorities.

Approach to tax risk compliance and risk management

The Group aims to be a trusted and respected business partner in the Recruitment industry. Tax compliance is a critical element of this ambition.

 

We understand and support that collecting and paying tax is an important contribution to the economies and societies in which our business operates.

 

Effective risk management sits at the heart of our business strategy and is core to our system of governance and compliance. The aim is not to avoid or eliminate risk, but to manage closely the Group’s risk exposure and maintain this within the Group’s risk appetite as determined by the Board and aligned to our strategic and corporate objectives.

 

This will include compliance monitoring, internal audit reviews and consultation with our specialist tax advisors.

 

Tax planning

We seek to comply fully with applicable tax laws and to pay the right amount of tax at the right time in the countries in which we operate.

 

Tax planning will only be considered in the context of the commercial needs of the Group and within all applicable laws. We will not consider putting in place any arrangements that are contrived or artificial where the sole purpose is for the avoidance of tax.

 

Specifically, will have reference to:

  • Commercial purpose:  All transactions must have a commercial purpose and be supported by appropriate cost benefit analysis.
  • Reputation impact:  Any tax planning should have a minimal impact 
  • Strength of tax advisers’ opinion:  Appropriate external advice will be obtained, as necessary. The Group will undertake appropriate training or consult experts to ensure we understand the relevant tax laws and regulations. Where the Group instructs an external organisation to perform tax services on its behalf, it will act in accordance with the principles set out in this policy so that it is able to discharge its obligations in a manner that is consistent with this policy.

Control Processes

Key controls to manage the risk of incorrect tax accounting and tax payments exist and the fulfilment of these is documented in the various tax workings papers for the Group’s tax returns. We ensure that financial statements and tax returns include sufficient detail to enable the tax authorities to form an accurate view of the affairs of the company filing the financial statements and return, with an adequate supporting audit trail and sign-off process.

 

Relationship with the Tax Authorities

The Group strives to maintain a transparent, timely and honest relationship in all its dealings with all tax authorities and will seek to work in a collaborative, professional and courteous manner at all times.

Senior management will, specifically:

  • Engage in full, open and early dialogue with Tax authorities to discuss tax planning, strategy, risk and significant transactions.
  • Make fair, accurate and timely disclosure in correspondence and returns, including the identification of any errors, and respond to queries and information requests in a timely manner.
  • Interpret the laws in a reasonable way and ensure transactions are structured consistently within a cooperative relationship.
  • Continue to meet and cooperate with Tax authorities to facilitate a mutually beneficial relationship.