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Emerson Developments (Holdings) Limited Tax Strategy


Scope
The Emerson Group is headed by Emerson Developments (Holdings) Limited and this tax strategy applies to Emerson Developments (Holdings) Limited ("the Company") and its UK subsidiary undertakings ("the Group") in accordance with paragraph 16 of Schedule 19 to the Finance Act 2016.

Aim
The Group is committed to full compliance with all statutory obligations relating to managing its taxation affairs.

Risk Management and Governance
Ultimate responsibility for tax strategy and compliance rests with the Company’s Board of Directors; this is delegated by the Board to the Group Finance Director, who is also the Group’s Senior Accounting Officer ("SAO").

Tax risk is assessed and monitored through operation of the Group’s overall internal financial control framework. Through this, the Group seeks to reduce tax risk as far as is reasonably practicable by ensuring that reasonable care is applied in relation to all processes which could materially affect its compliance with its tax obligations.

Attitude towards tax planning and level of risk
The Group seeks to uphold the highest standards in its business and tax practices and has a low level of appetite for tax risk which is consistent with its overall objective of achieving certainty in its tax affairs and compliance with its regulatory and other obligations.

Relationship with HMRC
The Group will engage proactively with HMRC where appropriate to discuss and achieve early agreement on any tax issues. Any inadvertent errors in submission made to the HMRC are disclosed as soon as is reasonably practicable after they are identified and where this is appropriate.

Jon Haymer
April 2018