Statement of Compliance
The tax strategy applies to all taxes applicable to the FD Technologies Group and its subsidiary undertakings (“The Group”). The Group’s strategy is published in accordance with Para 16(2) Schedule 19 Finance Act 2016.
This document is in effect for the year ended 28 February 2023 and will be duly updated annually in line with the above regulations.The strategy was approved by the Board, and any subsequent amendments will also be approved by the Board.
Tax Risk Management, Compliance and Governance
Tax Risk and Planning
FD Technologies assesses the tax risks and analyses different tax outcomes that may arise from its commercial operations. FD Technologies does not participate in aggressive tax planning for the purpose of tax avoidance.
Tax Transparency and Ethical Behaviour
Our commitment to an open relationship with Tax Authorities
FD Technologies is committed to ensuring a transparent, open and constructive relationship with HMRC and tax authorities across the globe.
The Group strives to make full, accurate and timely disclosures in tax returns and in correspondence with HMRC.
The Group seeks to co-operate with Tax Authorities at all times and to deal with issues in a timely and collaborative manner. Should genuine differences of opinion occur regarding the application of the law, the Company’s primary objective is to resolve such issues with Tax Authorities through open fact-based dialogue and with reference to the relevant legislation and tax law.
FD Technologies UK entities are committed to timely submission of accurate tax computations and returns in compliance with all tax laws and regulations in the UK and elsewhere.
List of UK entities covered by this strategy
· FD Technologies PLC
· Market Resource Partners Limited
· First Derivatives Services Limited
· First Derivatives I Limited
· FDT One Limited
· MRP Holdings Limited
· KX Systems Ltd
· Redshift Horizon Limited
· QuantumKDB Limited