Kennedys Law LLP regards this policy as complying with its duty under Schedule 19 Finance Act 2016. This policy applies to Kennedys Law LLP and all UK Group and affiliated entities with effect from the financial year ending 30 April 2022 until it is superseded.
The policy covers our approach to arranging our United Kingdom tax affairs and has been approved by our Global Strategy Board.
Compliance with tax regulations
Kennedys Law LLP is committed to full compliance with all of its statutory obligations with full disclosure to tax authorities. This means paying the right amount of tax in the right place at the right time. Kennedys Law LLP will ensure that it will disclose all relevant facts and circumstances to the tax authorities while claiming reliefs and incentives where available.
In structuring our business activities Kennedys Law LLP will take into account tax laws (as well as all other relevant matters) in all countries in which we operate.
Any structuring and tax planning that is undertaken will always be done with consideration of the potential impact on our reputation.
Kennedys Law LLP will not put in place any arrangements or enter into any tax planning schemes that are contrived or artificial. Kennedys Law LLP expect all of our partners and staff to comply with applicable tax laws and not to engage in inappropriate or aggressive tax planning.
Relationship with HMRC
We have a transparent relationship with HMRC and ensure that HMRC is made aware and kept up to date of any significant transactions and changes in the business.
Risk management and governance
Kennedys Law LLP has a large and complex business with offices in many countries each of which has its own tax code.
Kennedys Law LLP will always seek to identify, evaluate, manage and monitor tax risks. If there is any uncertainty or complexity in relation to a tax risk, professional advice would be sought from our external tax advisors.
The day to day management of Kennedys Law LLP’s tax affairs is delegated to the Head of Tax who reports to the Finance Director, a member of the Global Strategy Board.
It is the responsibility of the Head of Tax to identify any tax risk and ensure that the relevant controls are in place to fulfill the Group’s tax obligations.