Cotswolds-based Kingham Cottages has today secured its first Fair Tax Mark certification, and joins the growing movement of responsible businesses who are proud to ‘say what they pay with pride’.
Situated in the heart of Kingham village, the self-catering holiday cottages are set amongst five acre grounds and offer an indoor heated pool, Turkish steam bath and tennis court. On the doorstep of the countryside, the luxury accommodation is popular with walkers, cyclists and anyone looking for a UK break.
As part of the accreditation process, Kingham Cottages has published a Fair Tax Mark Statement that makes clear:
- who owns and controls the business;
- what profits the business has made in recent years;
- how much tax has been charged and an explanation for any variances with the headline rate of tax over that period.
The Fair Tax Mark is an independent certification, which recognises organisations that demonstrate they are paying the right amount of corporation tax in the right place, at the right time. More than 55 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.
Paul Monaghan, Chief Executive, Fair Tax Mark, said: “We are delighted to announce that Kingham Cottages has achieved the Fair Tax Mark. Their certification means that their customers can clearly see they have a transparent and responsible approach to tax.”
“The public rightly expects responsible behaviour, but far too often they’re reading headlines that describe the tactics businesses employ to avoid contributing the tax they should to the public purse. It is estimated that annually, due to corporate profits being shifted to tax havens, corporate tax revenue losses in the UK amount to at least £7bn. Just think of the nurses, doctors and teachers we could employ, or the renewable energy infrastructure we could build if that tax was paid as it should be?”