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Sam Al-Hamdani

Gary Honey, M&M Underwriting

M&M Underwriting launch 2019 with Fair Tax Mark accreditation

News

Insurance underwriter M&M Underwriting has become an accredited Fair Tax Mark business, following its successful review against the Fair Tax Mark criteria. M&M Underwriting was established in 2008 to offer specialist & bespoke commercial liability insurance protection for UK-based manufacturers, research & development organisations and university spin-offs, typically those supplying advanced engineering solutions for the automotive, aviation, marine, defence or energy industries. Paul Monaghan, Chief Executive, Fair Tax Mark said: “We are pleased to announce the Fair Tax Mark certification of M&M Undwerwriting. “M&M is taking corporate responsibility around tax transparency seriously and has made a commitment to not use…

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The rise of responsible tax leadership

Blogs

The following interview with our Chief Executive, Paul Monaghan, was recently published by CSR Europe – who will launch a Blueprint on Tax Transparency and Responsibility in March 2019. It explores the emerging trends around responsible tax conduct, and it is reproduced here with their kind permission.   What are the best enablers to get more companies to become responsible tax payers? At the Fair Tax Mark we are finding that different types of corporation have different key motivators. Investors are increasingly pressing listed companies to explain their management of tax risk, and so we are seeing a big increase in transparency…

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FTSE-listed Pennon Group plc becomes first water services and waste management utility to secure Fair Tax Mark

News

Pennon Group plc, the parent company of South West Water, Pennon Water Services and Viridor, has became the first water services and waste management utility to secure the Fair Tax Mark. The Group is one of Britain’s largest environmental infrastructure groups. It is listed at the top end of the FTSE 250, and has a workforce of 5,000 people and assets of £6 billion. The Fair Tax Mark is an independent certification scheme, which recognises organisations that demonstrate they are paying the right amount of corporation tax in the right place, at the right time. Factors contributing to Pennon’s certification…

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Digital identity company Yoti awarded Fair Tax Mark accreditation

News

London-based technology company Yoti has become an accredited Fair Tax Mark business, following its successful review against the Fair Tax Mark criteria. Founded in 2014, Yoti is on a mission to become the world’s trusted identity platform. The free Yoti app transforms paper ID documents into a secure digital identity, giving individuals an easier and more secure way to prove who they are, online and in person. For businesses, Yot’s global identity platform gives them a simple and secure way to verify the age and identity of their customers. The Fair Tax Mark is an independent certification scheme, which recognises…

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Leeds Building Society sets the standard with Fair Tax Mark accreditation

News

Leeds Building Society has become the first national high-street financial institution certified as an accredited Fair Tax Mark business, having been successfully assessed against the Fair Tax Mark criteria. Leeds Building Society is the fifth largest building society in the UK and has 55 branches in the UK and Gibraltar. The Society joins a growing list of organisations that have achieved the Fair Tax Mark, putting it alongside SSE, AMT Coffee, The Co-op, Richer Sounds, Timpson Group and Lush. The Society has also published a new Tax Strategy, which recognises that tax pays for vital public services and details its…

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SSE awarded fifth Fair Tax Mark

News

SSE has been reaccredited with the prestigious Fair Tax Mark for the fifth year in a row – demonstrating its transparency and commitment to play fair on tax. It remains the only FSTE100 company to have been accredited by the world’s first independent body scrutinising firms’ approach to tax. Today SSE has also published its Talking Tax Booklet which gives a clear, easy to read guide of what taxes it pays and where it pays them.  In 2017-18 SSE’s total tax contribution was £1billion, inclusive of the taxes it pays and collects for Government. Paul Monaghan, Chief Executive of the…

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Parliamentarian shares vision for a fair tax society

News

The Fair Tax Mark is delighted to work with, and have the support of, politicians of many different political persuasions. We recently partnered with Church Action for Tax Justice and other faith groups to help organise an event in Birmingham at which Conservative MP Andrew Mitchell was the keynote speaker. Andrew Mitchell MP, Vice Chair, All Party Parliamentary Group on Responsible Tax, joined Church Action on Tax Justice, in Birmingham to discuss and debate why a fair tax society would be a better society for everyone. The event was organised together with the Quaker Peace Committee, Christian Aid, Jubilee Debt…

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Reaction to Shadow Chancellor John McDonnell announcement

News

In today’s speech to the Labour Party Conference, John McDonnell said: “We can’t trust the Tories on this, but we shouldn’t just wait until we get into government. We should act now. “One way is to mobilize shareholder power to demand companies uphold basic tax justice standards. Numerous institutions from churches to trade unions and pensions funds have large scale shareholdings in many of the companies that avoid taxes. “So today I’m announcing my intention to bring together these organisations to launch a shareholder campaign. We’ll be demanding companies sign up to the Fair Tax Mark standards, demonstrating transparently that…

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Richer Sounds - one of the Fair Tax Mark accredited high street retailers

Can you avoid the tax avoiders?

Blogs

Tax avoidance; a huge issue that’s not going away. Tax matters. It helps to fund vital public services, and when paid fairly, ensures a level playing field for businesses large and small. Our research found that seven in ten of the public would rather shop (69%), or work for a business (70%) which can prove it’s paying its fair share of tax; and three quarters (74%) supported a call for all companies of all sizes to publicly disclose the taxes they pay in the UK. Yet despite these sentiments, the growing market worth of the most notorious tax avoiders show…

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BCC polling shows support for tax compliance

Blogs

Polling released by the British Chambers of Commerce yesterday indicates that many businesses want more support to be tax compliant. We welcome and echo the call from the BCC for extra investment in both HMRC’s crackdown on tax avoidance and tools to enable easier compliance by business. Numerous companies seek to do the right thing and are proud to pay their fair share of corporation tax. Like most of the public, they find it distasteful that less scrupulous competitors are trying to steal a march by not paying their due taxes. Responsible tax planning is a matter for business big…

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