PCS Wireless UK Limited/ PCS Wireless Mobile UK Ltd – UK Tax Strategy

Introduction and scope

This document sets out the UK tax strategy of PCS Wireless UK Limited and PCS Wireless Mobile UK Ltd (together “the Company” or “PCS Wireless”) in accordance with Schedule 19 of the Finance Act 2016. PCS Wireless is a subsidiary of a multinational enterprise (MNE) group headquartered outside the UK. The company is committed to conducting its business with the highest standards of integrity and transparency, including its approach to tax.

This UK Tax strategy applies to all UK taxes, including but not limited to corporation tax, VAT, PAYE, National Insurance Contributions, stamp duty taxes, customs duties and excise taxes.

This strategy will be reviewed annually and updated as necessary to reflect changes in the Company’s operations, governance, or the UK tax environment.

Approach to Risk Management and Governance

The Board of Directors holds ultimate responsibility for the Company’s tax strategy.

The Company maintains a strong internal control environment to manage tax risks, overseen by the Chief Financial Officer of the Company’s parent entity and UK Finance Director and supported by the global tax team.

Tax risks are identified and assessed as part of the Company’s broader risk management framework.

The Finance Director and in-house team are kept up to date on matters impacting business operations so that tax positions can be managed appropriately. The day-to-day responsibility for operational taxes is embedded within the risk management systems, procedures and policies of the Company.

Attitude to Tax Planning

The company engages in tax planning that supports the commercial needs of the business by ensuring that the Company’s affairs are carried out in the most tax efficient manner, whilst seeking to maintain a low level of tax risk as determined by the Board of Directors.

The Company does not engage in artificial or aggressive tax arrangements.

External tax advisors are engaged where appropriate to ensure compliance with UK tax laws and to support complex or uncertain tax matters.

Approach to Tax Risk

The Company has a low tolerance for tax risk and seeks to ensure that its tax affairs are transparent and compliant.

Where uncertainty arises, the Company seeks professional advice and, where appropriate, engages with HMRC to obtain clarity.

Working with HM Revenue & Customs

PCS Wireless is committed to maintaining a cooperative, open, transparent and positive working relationship with HMRC.

The Company aims to make accurate and timely disclosures in its tax filings and to respond promptly to any HMRC queries.

The Company is committed to resolving ongoing or disputed matters in a collaborative, courteous, and timely manner. Where appropriate, the Company actively engages with HMRC on a real-time basis to minimise tax risk as part of its effective tax management strategy. Any inadvertent errors identified in submissions to HMRC are promptly disclosed and rectified as soon as reasonably practicable.