The Go Ahead Group were the first FTSE350 company to be awarded the Fair Tax Mark. We talked to their group CEO David Brown about getting the Mark
Why did you apply for the Fair Tax Mark?
“Signing up to the Fair Tax Scheme was voluntary and Go-Ahead has taken a decision to apply for accreditation to achieve maximum transparency. Tax is an issue that affects everyone and we hope the recognition of our responsible tax policy reassures stakeholders, investors, employees and customers that we are a responsible organisation.”
On the benefits to business
”The [Fair Tax] assessment criteria take into consideration several elements such as our desire to be considered low risk by HMRC, our review on the levels of disclosures made on taxation, and that we have a Board enforced policy not to undertake tax planning and not to use tax havens.”
How did you find the process?
The Fair Tax Mark was awarded following an independent review of the Group’s policies on tax. It involved a publication of their tax policy and improvements to their notes and disclosure.
How do you feel about being the first FTSE350 company to get the Fair Tax
“As a socially responsible organisation, transparency and openness are important to us. We are pleased to have been recognised as being the first in the FTSE 350 to be awarded the Fair Tax Mark.”