<!DOCTYPE html>
<html>
<head>
    <meta charset="utf-8">
    <meta name="viewport" content="width=device-width,initial-scale=1,maximum-scale=1">
    <meta http-equiv="X-UA-Compatible" content="IE=edge">
    <meta name="csrf-token" content="z1YUwdBrLuUVyuKFMo0mkD9kodznpe6iFf1fqg2c">

    <meta name="google-site-verification" content="XuaD9WTQCpSPIzyCRQSRZ7MENq1I9WY7DGoIDdOmzII" />

    <link rel="apple-touch-icon" sizes="180x180" href="/apple-touch-icon.png">
    <link rel="icon" type="image/png" href="/favicon-32x32.png" sizes="32x32">
    <link rel="icon" type="image/png" href="/favicon-16x16.png" sizes="16x16">
    <link rel="manifest" href="/manifest.json">
    <link rel="mask-icon" href="/safari-pinned-tab.svg" color="#e63130">
    <meta name="theme-color" content="#e63130">

        <meta name="twitter:card" content="summary_large_image" />
    <meta name="twitter:site" content="@serco_inc" />
    <meta name="twitter:title" content="Serco Tax Strategy" />
    <meta name="twitter:description" content="Serco are committed to ensuring that the Group is in compliance with applicable tax laws, rules and regulations in all of the jurisdictions where it conducts its business activities." />
    <meta name="twitter:url" content="https//www.serco.com" />
    <meta name="twitter:image" content="https://www.serco.com/images/twitter-logo.png"/>

    
        <title>Serco Tax Strategy</title>

                    <meta name="description" content="Serco are committed to ensuring that the Group is in compliance with applicable tax laws, rules and regulations in all of the jurisdictions where it conducts its business activities.">
        
                    <meta name="keywords" content="Tax Strategy, Managing Tax Risk, tax planning, Tax Authorities, HMRC, Tax">
        
        
        
    
            <!-- Google Tag Manager -->
        <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':
                    new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],
                    j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src=
                    'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);
            })(window,document,'script','dataLayer','GTM-T44Z8S7');</script>
        <!-- End Google Tag Manager -->
    
            <link type="text/css" rel="stylesheet" href="//fast.fonts.net/cssapi/d22bc417-4683-4b42-8d6b-cc3af5b95f52.css"/>
        <link rel="stylesheet" href="/css/app.css">
    
    
        <script type="text/javascript">
            (function(i, s, o, g, r, a, m) {
                i['GoogleAnalyticsObject'] = r;
                i[r] = i[r] || function() {
                    (i[r].q = i[r].q || []).push(arguments)
                }, i[r].l = 1 * new Date();
                a = s.createElement(o),
                    m = s.getElementsByTagName(o)[0];
                a.async = 1;
                a.src = g;
                m.parentNode.insertBefore(a, m)
            })(window, document, 'script', 'https://www.google-analytics.com/analytics.js', 'ga');
            ga('create', 'UA-3612238-1', 'serco.com');
            ga('send', 'pageview');
        </script>

    
</head>

<body class="tid-33 pid-1122 show-cookie-warning generic">

    <!-- Google Tag Manager (noscript) -->
    <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T44Z8S7" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>
    <!-- End Google Tag Manager (noscript) -->

<div class="menu-overlay"></div>

<div class="search-overlay">

    <div class="search-container">
        <button type="button" class="close-button icon-button"><i class="icon-close-white">Close</i></button>

        <form method="get" action="https://www.serco.com/search">
            <input type="text" name="keywords">
            <button type="submit" class="icon-button"><i class="icon-search-submit">Search</i></button>
        </form>
    </div>

</div>


<div class="video-overlay">
    <div class="video-container">
        <div class="video-content" data-video-close="true">
            <div class="video-player"></div>
        </div>
    </div>
</div>

    <div class="cookie-warning" data-version="1">
        <div class="cookie-warning-container">
            <button type="button" class="icon-button"><i class="icon-close-white">Close</i></button>

            <div class="cookie-warning-content">
                <p>By using this website you consent to our use of cookies. For more information on cookies see our <a href="/cookie-statement">Cookie Statement</a>.</p>

            </div>

        </div>
    </div>


<header>

    <nav class="topnav">
        <div class="container">

            <div class="secondary-nav">

                <ul class="social">
                                            <li><a href="https://twitter.com/SercoGroup" class="twitter"><i class="icon-twitter">Twitter</i></a></li>
                                                                                    <li><a href="https://www.linkedin.com/company/serco" class="linkedin"><i class="icon-linkedin">LinkedIn</i></a></li>
                                                                <li><a href="https://www.youtube.com/user/sercovideo" class="youtube"><i class="icon-youtube">Youtube</i></a></li>
                                    </ul>

                <div class="regionnav">

                    <select name="region_select" class="select2 region-select" data-dropdown-class="region-dropdown" data-select2-class="region-select">
                                                                                <option value="/" ) selected >Group</option>
                                                                                <option value="/aspac" >Asia Pacific</option>
                                                                                <option value="/me" >Middle East</option>
                                                                                <option value="/na" >North America</option>
                                                                                <option value="/uk" >UK &amp; Europe</option>
                                            </select>

                </div>

            </div>

        </div>
    </nav>

    <div class="mainnav-outer">
        <nav class="mainnav">
            <div class="brand-logo">
                <a href="/"><img src="/images/brand-logo.png" alt="Serco"></a>
            </div>
            <div class="mobile-nav">
                <div class="search">
                    <form method="get" action="/search">
                        <input type="text" name="keywords" value="" placeholder="Search" class="form-control keywords">
                        <button type="submit" class="icon-button"><i class="icon-search-submit">Search</i></button>
                    </form>
                </div>
                <button class="search"><i class="icon-search-large">Search</i></button>
                <button class="nav">
                    <span>Menu</span>
                    <i class="icon-menu">Menu</i>
                    <i class="icon-menu-white"></i>
                </button>
            </div>
        </nav>
    </div>

    <div class="popup-mobile-nav">
        <div class="popup-mobile-nav-inner">

            <div class="level level-one">
                <ul>
                                                                                                <li class="primary"><a href="/">Home</a></li>
                                                                                                                        <li class="primary"><a href="/about">About Us</a></li>
                                                                                                                        <li class="primary"><a href="#level2-main-navigation-sector-expertise">Our Work <i class="icon-more-grey"></i></a></li>
                                                                                                                        <li class="primary"><a href="#level2-main-navigation-investor-relations">Investors <i class="icon-more-grey"></i></a></li>
                                                                                                                        <li class="primary"><a href="/news/">News and Media</a></li>
                                                                                                                        <li class="primary"><a href="/careers">Careers</a></li>
                                                                                                                        <li class="primary"><a href="/contact-us">Contact Us</a></li>
                                                            </ul>
            </div>

            <div class="level level-two">
                                                                                                                                    <ul id="level2-main-navigation-sector-expertise">
                            <li class="back"><a href=""><i class="icon-back-small-grey"></i> Back</a></li>
                                                                                                                                <li class="primary"><a href="/sector-expertise/citizen-services">Citizen Services</a></li>
                                                                                                                                                                <li class="primary"><a href="/sector-expertise/defence">Defence</a></li>
                                                                                                                                                                <li class="primary"><a href="/sector-expertise/healthcare">Healthcare</a></li>
                                                                                                                                                                <li class="primary"><a href="/sector-expertise/immigration">Immigration</a></li>
                                                                                                                                                                <li class="primary"><a href="/sector-expertise/justice">Justice</a></li>
                                                                                                                                                                <li class="primary"><a href="/sector-expertise/transport">Transport</a></li>
                                                                                    </ul>
                                                                                <ul id="level2-main-navigation-investor-relations">
                            <li class="back"><a href=""><i class="icon-back-small-grey"></i> Back</a></li>
                                                                                                                                <li class="primary"><a href="/investors">Information for Investors</a></li>
                                                                                                                                                                <li class="primary"><a href="/news/media-releases/2018/serco-group-plc-full-year-results-2017">Full Year Results 2017</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/results-reports-events">Results, Reports, Presentations and Events</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/regulatory-news">Regulatory News</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/financial-calendar">Financial Calendar</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/institutional-investor-corporate-access">Institutional Investor Corporate Access</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/share-price-data">Share Price Data</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/shareholder-information">Shareholder Information</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/american-depositary-receipt-program">American Depositary Receipt (ADR) Program</a></li>
                                                                                                                                                                <li class="primary"><a href="/about/the-board-and-governance/remuneration-information">Remuneration Information</a></li>
                                                                                                                                                                <li class="primary"><a href="/investors/investor-contacts">Key Contacts</a></li>
                                                                                    </ul>
                                                                                                                                                            </div>

            <div class="level level-three">
                                                                                                                                                                                                                                                                                        </div>

        </div>
    </div>

</header>


    
    <main>

                    <section class="news-section  no-sidebar  ">
                
                                    <div class="news-heading ">

                                                    <h1>Tax Strategy</h1>
                        
                        
                            
                    </div>
                
                
                    <div class="news-content">

                        <div class="news-article">

                            
                            
                            
                                                                                                    
                                                                    <div class="news-article-body text-area">

                                        
                                        <h2>Introduction</h2>

<p>Our overall group policy is one which requires the highest standards of openness, honesty and accountability.</p>

<p>Reflecting this to tax, we are committed to ensuring that the Group is in compliance with applicable tax laws, rules and regulations in all of the jurisdictions where it conducts its business activities.</p>

<p>We understand that collecting and paying tax is an important contribution to the economies and societies in which we conduct our business. As a consequence, fundamental to our tax strategy is to pay the appropriate amount of tax in countries in which we operate.</p>

<h2>Managing Tax Risk</h2>

<p>We control and manage tax risk and Serco&rsquo;s reputation through policies, communication and process.</p>

<p>The Group&rsquo;s Tax Strategy is reviewed by the Board, and the tax process forms part of the Serco Management System (SMS), the Group&rsquo;s management framework which describes how we do business.&nbsp; The system defines the rules which govern the way we operate, deliver our strategy and the way we behave.</p>

<p>Our tax affairs are managed by a team of suitably qualified tax professionals, supported, where appropriate by external advisors. These tax professionals must be involved in the planning, implementation and documentation for;</p>

<ul>
	<li>
	<p>acquisitions;</p>
	</li>
	<li>
	<p>disposals;</p>
	</li>
	<li>
	<p>restructuring;</p>
	</li>
	<li>
	<p>bidding for new/existing contracts;</p>
	</li>
</ul>

<p>This enables us to review and consider the associated tax implications under local law as well as the tax accounting impact of transactions on a pro-active and real-time basis. The CFO of each division confirms on a quarterly basis that they follow this process.</p>

<h2>Attitude to tax planning &amp; tax risks</h2>

<p>Transactions and structuring within the group are driven purely by commercial considerations. However, in making commercial decisions we take tax into account in the same way as any other cost.</p>

<p>We seek to manage the tax cost of doing business efficiently, including cash tax and accounting charges, whilst respecting the spirit and letter of applicable law.</p>

<p>We will continue to become more transparent in relation to tax through reporting of tax costs. In this context we have published our Total Tax Contribution within our 2016 Annual Report and Accounts which provides information of the types of taxes that we pay in the regions in which we operate.</p>

<p>The Group will not undertake aggressive tax planning, reflecting our low risk appetite in terms of acceptable tax risk.</p>

<h2>Working with Tax Authorities</h2>

<p>In all of our interactions with Tax Authorities, we operate with integrity, trust and mutual respect.</p>

<p>We foster a strong, open relationship with Tax Authorities. The application of this principle is tailored to each territory&rsquo;s style of engagement across all of the countries in which we do business.</p>

<p>Within this framework, each legal entity will file timely, complete and accurate tax returns to the relevant authority. Tax liabilities due and payable will be settled by the statutory deadlines. To facilitate this, finance employees commit to ensuring they have understood and are fully aware of critical filing and payment dates under local law.</p>

<p>In the UK specifically, we seek to work positively, pro-actively and openly with HMRC.</p>

<p>Serco consider this publication as complying with it&rsquo;s duty under para 16(2) and para 22(2) sch 19 FA 2016.</p>


                                        
                                    </div>
                                                            
                            
                            
                            

                            
                                                                                                    
                            
                            
                            
                            
                            
                        </div>

                        
                    </div>

                

            </section>
        
        
        
        
        
        
    </main>



<footer>
    <div class="footer-content">

        <div>
            <div class="footer-half">

                <div class="footer-column">
                    
                        <input id="vb-about-us-overview" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-about-us-overview">About Us Overview</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="/about">About Us</a></li>
                                                                                            <li><a href="/about/our-strategy">Our Strategy</a></li>
                                                                                            <li><a href="/about/culture-and-values">Our Values</a></li>
                                                                                            <li><a href="/about/serco-code-of-conduct">Code of Conduct</a></li>
                                                                                            <li><a href="/about/business-relationships">Business Relationships</a></li>
                                                                                            <li><a href="/about/corporate-responsibility">Corporate Responsibility</a></li>
                                                                                            <li><a href="/about/the-board-and-governance">Board and Governance</a></li>
                                                                                            <li><a href="/about/office-locations">Office Locations</a></li>
                                                                                            <li><a href="/about/corporate-responsibility/slavery-and-human-trafficking-statement">Slavery and human trafficking statement</a></li>
                                                                                            <li><a href="/about/corporate-responsibility/tax-strategy">Tax Strategy</a></li>
                                                    </ul>

                                    </div>

                <div class="footer-column">
                    
                        <input id="vb-information-for-investors" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-information-for-investors">Information for Investors</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="/investors/">Investors page</a></li>
                                                                                            <li><a href="/investors/results-reports-events">Results, Reports, Presentations and Events</a></li>
                                                                                            <li><a href="/investors/financial-calendar">Financial Calendar</a></li>
                                                                                            <li><a href="/investors/regulatory-news">Regulatory News</a></li>
                                                                                            <li><a href="/investors/share-price-data">Share Price Information</a></li>
                                                                                            <li><a href="/investors/shareholder-information">Shareholder Information</a></li>
                                                    </ul>

                                    </div>

            </div>

            <div class="footer-half">

                <div class="footer-column">
                    
                        <input id="vb-careers" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-careers">Careers</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="/careers">Search and Apply for a Job</a></li>
                                                                                            <li><a href="/careers/why-work-for-serco">Why Work for Serco?</a></li>
                                                                                            <li><a href="/careers/recruitment-agencies">Recruitment Agencies</a></li>
                                                    </ul>

                    
                        <input id="vb-media" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-media">Media</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="/news/">News and Media</a></li>
                                                                                            <li><a href="/news/media-releases">Search Media Releases</a></li>
                                                                                            <li><a href="/news/media-releases">Media Contacts</a></li>
                                                    </ul>

                                    </div>

                <div class="footer-column">
                    
                        <input id="vb-global-homepages" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-global-homepages">Global Homepages</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="/aspac">ASPAC</a></li>
                                                                                            <li><a href="/me">Middle East</a></li>
                                                                                            <li><a href="/na">North America</a></li>
                                                                                            <li><a href="/uk">United Kingdom &amp; Europe</a></li>
                                                    </ul>

                    
                        <input id="vb-contact-information" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-contact-information">Contact information</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="/contact-us">Contact details</a></li>
                                                                                            <li><a href="/about/office-locations">Office Locations</a></li>
                                                    </ul>

                    
                        <input id="vb-follow-us" type="checkbox" class="visibility-toggle">
                        <h3>
                            <label for="vb-follow-us">Follow us</label>
                            <i class="icon-upchevron"></i>
                            <i class="icon-downchevron"></i>
                        </h3>

                        <ul class="visibility-toggle-panel">
                                                                                            <li><a href="https://www.linkedin.com/company/serco">Linkedin</a></li>
                                                                                            <li><a href="https://www.youtube.com/user/sercovideo">You Tube</a></li>
                                                                                            <li><a href="https://twitter.com/sercogroup">Twitter</a></li>
                                                    </ul>

                                    </div>

            </div>
        </div>

        <div class="legal">
            <ul>
                                                        <li><a href="/privacy-policy">Legal Privacy Policy</a></li>
                                                        <li><a href="/cookie-statement">Cookie Statement</a></li>
                                                        <li><a href="/copyright">Copyright</a></li>
                                                        <li><a href="/accessibility">Accessibility</a></li>
                            </ul>
        </div>
            </div>
</footer>


    <script src="/js/all.js"></script>
    <script type="text/javascript" src="https://addevent.com/libs/atc/1.6.1/atc.min.js" async defer></script>
    <script type="text/javascript">
        window.addeventasync = function(){
            addeventatc.settings({
                license    : "aYuhOlowpztUKqJYSmnl14731"
//            mouse      : false,
//            css        : true,
//            outlook    : {show:true, text:"Outlook"},
//            google     : {show:true, text:"Google <em>(online)</em>"},
//            yahoo      : {show:true, text:"Yahoo <em>(online)</em>"},
//            outlookcom : {show:true, text:"Outlook.com <em>(online)</em>"},
//            appleical  : {show:true, text:"Apple Calendar"},
//            facebook   : {show:true, text:"Facebook Event"},
//            dropdown   : {order:"outlook,google,appleical"}
            });
        };
    </script>

</body>
</html>
