Group Tax Strategy

Tangelo Motor Company is the trading name of City West Country Limited.

City West Country Limited is a UK based business involved in the premium motor retail sector. All profits are reported and taxed in the United Kingdom.

This document has been approved by the Board for publication in accordance with Schedule 19 of the Finance Act 2016. It is effective for the year ending 31 December 2021.

Tax Risks and tax planning

The Board of Directors bears ultimate responsibility for all corporate governance and delegates its tax strategy to the Group Finance Director who is also the Senior Accounting Officer.

The group has internal systems, policies and processes covering all areas of its operations to ensure it conducts its business in a fair and honest manner, supporting a culture of compliance with all relevant tax legislation.

The board adopts a low risk approach to tax planning. The commercial ethos of the creation of value for all stakeholders in the business including the equity ownership is completely aligned to this low risk approach. We will seek to manage our tax affairs in line with HMRC guidelines and principles. The business employs suitably qualified financial staff and engages industry qualified external advisors.

Working with HMRC

We are committed to an open, honest and transparent relationship with HMRC as we seek to have with all stakeholders of the business. We aim to work collaboratively with HMRC whether seeking clarification on a meter or dealing with enquiries.

Approved by the Board of Directors on 22 October 2021.