Our Tax Strategy

The Keyforge Ltd and group of companies (together the "Companies") are pleased to publish their tax strategy.

The Companies have either or both of two principal UK tax liabilities: those accruing on their profits (corporation tax) and those accruing on their activities of engaging and paying operatives. In relation to each, the Companies are motivated by the desire to identify and pay the correct amount of tax.

More specifically, in relation to their corporation tax liabilities, the Companies will not enter into transactions otherwise than to advance their commercial, non-tax purposes and will not transact wholly or mainly to reduce their corporation tax liabilities.

The Companies have a low appetite for tax risk. They engage leading practitioners in the field and adhere to the advice they receive.

In relation to their activities of engaging and paying operatives, the Companies engage operatives on terms and in circumstances where the law requires that they be taxed as employees, and on terms and in circumstances where the law requires that they be taxed as self-employed. The law requires that both employed and self-employed operatives be taxed on the correct basis. The Companies have detailed protocols in place to ensure that operatives are taxed on the correct basis from the outset and deploy considerable resources in continuing to monitor the conditions under which operatives work to ensure that they continue to be taxed appropriately. (References to "tax" and "taxed" in this paragraph include national insurance contributions where applicable.)

The Companies presently cooperate, and intend to continue to cooperate, with HMRC in the performance of its statutory duties. The Companies will also maintain their tax treatment where they are advised by leading practitioners that it is reasonable to do so.

This statement is intended to constitute compliance with the requirements of Finance Act 2016, Schedule 19, paragraph 16(2) for the current financial year.