TAX STRATEGY
Financial Year ending 31 October 2025
Purpose:
This Tax Strategy sets out the policy of Wynnstay Group plc and its subsidiary companies (“the Group”) for the management of tax. Maintaining consistent, effective tax standards is an important element of responsible business practice, as taxation can have a significant cash and profit and loss impact across the Group’s activities.
Scope:
This strategy applies to Wynnstay Group plc and all its UK subsidiaries in accordance with paragraphs 19 and 25 of Schedule 19 to the Finance Act 2016 (“the Schedule”). It is published in accordance with paragraph 16(4) for the financial year ending 31 October 2025 and will remain in effect until superseded.
References to “UK taxation” include the taxes listed in paragraph 15(1) of the Schedule, including Corporation Tax, Income Tax, PAYE, NIC, VAT, Insurance Premium Tax and Stamp Duty Land Tax. As the Group operates solely within the United Kingdom, its tax strategy is framed entirely in a UK context.
Aim:
Wynnstay is committed to full compliance with all statutory obligations and to transparent disclosure with HMRC. A coherent and responsible approach to tax governance is viewed as integral to sustainable business development.
The Group aims to manage tax affairs in a fair and responsible manner, ensuring compliance with all relevant laws and regulations, upholding the spirit in which those obligations are intended, and protecting shareholder value. Wynnstay seeks to maintain constructive, open working relationships with HMRC to facilitate timely and accurate fulfilment of its tax obligations.
Governance in relation to UK taxation:
Ultimate responsibility for the Group’s tax strategy and tax compliance rests with the Board of Directors of Wynnstay Group plc.
The Board has adopted an Active Engagement Tax Policy, which reflects its expectation that all taxes are accurately declared in line with underlying commercial activity, and that genuine commercial considerations take precedence over tax outcomes in all significant business decisions.
Day-to-day responsibility for tax matters is delegated to the Chief Financial Officer, who ensures appropriate oversight of tax operations and tax risk. The Finance Director and suitably qualified finance professionals are responsible for the preparation and analysis of tax records. External tax advisers are engaged to support the accurate preparation and submission of tax returns.
The Audit Committee includes taxation within its remit, monitoring the effectiveness of internal controls relating to tax. Tax-sensitive processes across finance and human resources are owned by relevant stakeholders, each of whom is accountable for meeting their tax obligations.
No significant changes have been made to the Group’s tax governance framework in the year to October 2025.
Risk Management:
Effective risk management underpins the Group’s business strategy. Wynnstay seeks to reduce tax risk arising from its operations as far as reasonably practical, applying appropriate care and controls to all processes that could materially affect tax compliance.
In accordance with Finance Act 2009, Schedule 46, the Group has appointed named Senior Accounting Officers for each subsidiary operating company, responsible for ensuring appropriate tax accounting arrangements are in place. External advice is sought where appropriate.
The business is independently audited annually. Where tax accounting forms part of this audit, any recommended actions are agreed with the Chief Financial Officer and Finance Director and addressed within a timeframe proportionate to the Group’s risk management objectives.
Attitude towards tax planning and level of risk:
Wynnstay manages tax risk to ensure full compliance with legal requirements and to ensure the Group pays the correct amount of tax. The Group is committed to transparency in its governance approach and its tax position, making statements and disclosures in accordance with relevant regulation and with international accounting standards such as UK-adopted IFRS and OECD guidelines.
The Group does not use offshore secrecy jurisdictions or artificial tax avoidance schemes, nor will it engage in tax arrangements that lack commercial substance, contradict the principles of UK tax law, or are designed solely to reduce tax liabilities. Tax planning is limited to arrangements that support genuine commercial activity and ensure the appropriate amount of tax is paid based on value created within the UK.
Relationship with HMRC:
Wynnstay seeks to maintain an open, transparent and respectful relationship with HMRC. The Group aims to keep HMRC informed of significant transactions and business developments, discussing any tax issues at an early stage.
When filing tax computations and returns, the Group discloses all relevant facts and identifies any areas of potential uncertainty. Any inadvertent errors identified after submission are disclosed to HMRC as soon as reasonably practicable.
Adopted by the Board of Wynnstay Group plc
Rob Thomas
Chief Financial Officer
18 December 2025