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 to responsible tax conduct.
The founders, Gary Bury and Matt Roberts, built Timetastic to help free up managers’ time and support staff in taking their entitled holiday, consider Corporate Citizenship integral to the way they run their business. Achieving the Fair Tax Mark is another step in Timetastic’s journey towards creating a business that supports the local and global community that they are part of.
Gary Bury, said: “Tax pays for the roads we drive on, the schools that educate our children, the NHS that cares for us, the police and fire services that keep us safe. We’re proud of the tax we pay. Securing Fair Tax Mark certification is the best way for us to demonstrate that to our clients. Since our launch in 2014, we’ve seen fantastic growth, and it’s only right that we contribute fairly towards the vital public services that our clients and people rely on to stay safe, happy and healthy.”
More than fifty businesses including FTSE-listed PLCs, co-operatives, social enterprises and large private business have now achieved Fair Tax Mark certification. This includes Manchester head-quartered businesses such as Timpson and the Co-op, as well as The Eighth Day Cafe, Unicorn Grocery and the Ethical Consumer.
Paul Monaghan, Chief Executive, Fair Tax Mark, said: “We are delighted to announce that Timetastic has joined the Fair Tax movement, and are proudly saying what they pay. Their certification means that customers, suppliers and staff can clearly see they have a transparent and responsible approach to tax. It is refreshing to see a digital enterprise fully embracing responsible tax conduct.”
“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?”