Gary and Matt from Timetastic stood in front of blue and green wall.

Timetastic is latest Manchester business to secure Fair Tax Mark

News

Timetastic, the rapidly growing digital enterprise providing online holiday and leave tracking for more than 8,500 businesses, has today secured Fair Tax Mark certification and becomes part of the growing movement of responsible businesses who are proud to ‘say what they pay with pride’.   As part of the accreditation process, Timetastic has supplemented their current financial reporting procedure with a Fair Tax Mark Statement. The statement includes a tax reconciliation and accompanying narrative, which clearly explains how much tax they pay and why. The statement takes them above and beyond the basic UK reporting requirements and demonstrates that Timetastic are at the forefront in regards…

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Friendly Soap put fair tax at the heart of ethical credentials

News

  Friendly Soap, the enterprise who uses ancient methods to create no-waste, biodegradable and free-from soap products, has today secured the Fair Tax Mark, joining the growing movement of responsible businesses who are proud to ‘say what they pay with pride’. As part of the accreditation process, Friendly Soap has published their first Fair Tax Mark statement. This details a new tax policy, which commits them to shun tax avoidance. They have also provided a numerical tax reconciliation and accompanying narrative, which clearly explains how much tax they have paid and why. Paul Monaghan, Chief Executive, Fair Tax Mark, said:…

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Responsible tax strategy and improved reporting earns Capita first Fair Tax Mark

News

Capita has today secured Fair Tax Mark certification and joins the growing movement of responsible businesses who are proud to say what they pay with pride. 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. In total, more than 50 businesses have now been certified. These include national brands such as Timpson, Lush, and Richer Sounds, FTSE listed companies including SSE and Marshalls Plc., as well as co-operatives, family businesses and social enterprises. As part of the accreditation…

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Fair Tax Week 2020 announced – celebrating business who ‘say what they pay with pride’

News

The Fair Tax Mark scheme, which accredits businesses and organisations across the UK committed to paying the right amount of corporation tax, on time and in the right place, is pleased to announce that Fair Tax Week 2020 will run from the 13th – 21st June 2020, incorporating Tax Justice Sunday on the 14th June. Fair Tax Week 2020 will be co-sponsored by Leeds Building Society, Pennon Group Plc and Richer Sounds. Fair Tax Week is a UK-wide celebration of the companies and organisations that are proud to pay their fair share of corporation tax; those who commit to following…

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Chris Harrop OBE joins Fair Tax Mark board

News

We are delighted to announce that Chris Harrop OBE has joined the Fair Tax Mark’s board of directors. Chris Harrop is Sustainability Director at FTSE-listed Marshalls plc. An accomplished marketer with a proven global track record, Chris’ persistent contribution has ensured that Marshalls not only leads the hard landscaping sector but is also a world-class sustainable business. Under Chris’ guidance, the business has won numerous awards for commitment to the environment and supply chain ethics, including Business in the Community Awards for Excellence and the PLC Awards on three occasions. Chris was Chairman of the United Nations Global Compact UK…

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Fair Tax Mark’s 2019, and what’s next in 2020

Blogs, News

2019, another year of strong growth and innovation The Fair Tax Mark realised a number of landmarks in 2019, making it our most impactful year yet. A big thank you to all those in business and civil society who have done so much to help us grow our collective influence and reach. The number of Fair Tax certified businesses passed the ’50’ milestone in March, with the year seeing new certifications for FTSE-listed plcs (United Utilities,  Severn Trent and Eurocell), social enterprises (Suma Wholefoods, Southern Co-op, Community Leisure UK, Energy4All and VME Retail) and a range of private enterprises (Affinity…

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Southern Co-op brings Fair Tax Mark to Hampshire

News

  Southern Co-op is the first business headquartered in Hampshire to secure Fair Tax Mark certification, and the 14th co-operative in the UK Southern Co-op has secured its first Fair Tax Mark certification, and joins the growing movement of progressive businesses who are proud to say what they pay with pride. Southern Co-op was established in Portsmouth, Hampshire over 145 years ago. It is an independent, regional co-operative owned by its more than 140,000 members. Southern Co-op operates across 11 counties in the south of England, with a network of over 200 convenience stores including a successful franchise arm. Southern Co-op…

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Tax gap of Silicon Six over $100 billion so far this decade

News

The Fair Tax Mark will later this week release a new report, The Silicon Six and their $100 billion global tax gap, which examines the tax conduct of Facebook, Apple, Amazon, Netflix, Google and Microsoft over the last decade. The report questions whether the companies, collectively referred to as the ‘Silicon Six’, are paying their way on tax. Together they have a combined market capitalization of $4.5 trillion and are worth more than the 1,000 companies listed on the London Stock Exchange. The report finds that there is a significant difference between the cash taxes paid and both the expected headline…

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Severn Trent secures Fair Tax Mark

News

– Company reinforces its commitment to responsible tax conduct Severn Trent has today secured its first Fair Tax Mark certification, and joins the growing movement of progressive businesses who are proud to say what they pay with pride. Severn Trent is one of the UK’s largest water companies, providing water and sewerage services to more than 4.3 million homes and businesses in the Midlands. It becomes the third FTSE 100 listed organisation (alongside SSE and United Utilities) to have achieved Fair Tax Mark certification, and the seventh FTSE listed business. In preparing for the Fair Tax Mark, Severn Trent enhanced its…

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Suma Wholefoods co-op makes Fair Tax commitment

News

Suma Wholefoods, the vegetarian foods and natural products wholesaler, has been certified as a Fair Tax Mark business. Suma is the largest equal pay worker co-op in Europe and has been operating from its base in Elland, West Yorkshire, for over 40 years. The co-op delivers over 7,000 products ranging from award winning biodegradable toothbrushes to vegan chocolate truffles and organic nuts and pulses, to businesses and communities across the UK and internationally. Over 200 staff run Suma; who are workers and co-owners receiving equal pay and having an equal say in the running of the business. Emma Robinson, Compliance…

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