1. Contact us
Use our business application form to let us know you want to explore your business becoming certified. This only takes a couple of minutes. One of our certifiers will do a high-level assessment of your business structure and then contact you, detailing how the certification process will work, including benefits, costs and timings. These discussions are non-binding, and will present plenty of opportunity for you to ask questions and negotiate what is best for your business. We can go as slow or as fast as you like.
Our fees are based on the size, structure and complexity of your business.
2. Letter of Engagement agreed
Once scope, timings and costs of have been agreed, we will issue a Letter of Engagement. This sets out our responsibilities to you, including confidentiality. Once this is signed by both parties, we begin our Fair Tax Mark assessment of your business.
3. Assessment undertaken and feedback provided
The workload at your end is little or nothing initially. We review your recent Financial Statements, connected public communications and anything else you think is relevant.
We then present you with a detailed report that highlights how well you currently perform against the relevant Fair Tax Mark certification standard, together with suggested areas of improvement that would allow you to secure a Fair Tax Mark label.
This report takes the form of a scorecard. This preliminary assessment and scorecard normally takes four to eight weeks depending on the complexity of your business and the information required being readily available.
We will then happily engage in multiple rounds of conversation to help you get to a place where your business can improve their score (if needed) and secure their first Fair Tax Mark label. We can be lenient in some areas in the first year, as long as there is a solid commitment to improvement in the near future.
A final scorecard will be issued, hopefully confirming that your business can progress to full Fair Tax Mark certification.
Note: the process for micro-enterprises (revenue less than £0.7mn) differs in that our team will not issue a scorecard, but instead work with you to create a Fair Tax Mark Statement that you can use to clearly evidence your leading-edge tax policy, transparency and conduct.
4. Fair Tax Mark issued and announced
Once your reporting, policies and practice meet our requirements, you will be eligible for a Fair Tax Mark and we will work with you to announce your certification. We will issue a Licence Agreement that allows you to use the Fair Tax Mark label and related marketing materials in public communications for the qualifying period (usually 12 months). Together, we’ll celebrate your achievement and share the good news.
The above is an annual process, in line with each publication of your Financial Statements – to ensure that while things may have changed, the certification still stands true.
5. Annual re-certification
Fair Tax Mark certification is an annual process, with assessment and re-certification progressing afresh each year based on the information detailed in your most recent set of Financial Statements.
Re-certification usually progresses much more smoothly after year one. There is less work for the certified business, but at our end we still need to assess you annually to factor in your latest financial disclosures, policies and any corporate restructuring and business acquisitions that may have progressed.
Amadeus has gained the Fair Tax Mark, becoming the first large multinational technology company to secure certification internationally. It joins a growing community of businesses across Europe that are proudly accredited to the international gold standard of responsible tax conduct. Amadeus is the world's leading provider of travel technology, with shares listed on the stock exchanges of Madrid, Barcelona, Bilbao and …
Almost two-thirds (59%) of corporate tax transparency reports published by large multinationals in connection with the EU Public Country-by-Country Reporting (pCbCR) Directive are good, solid attempts to be open and honest. However, there are wide national variances. The frequency of good application of the EU pCbCR requirements was substantially above average among business headquartered in the UK (at 78%) and …
Research commissioned by the Fair Tax Foundation has found increased support among the UK public for responsible corporate tax conduct and for government measures which encourage this. There is substantial support for new corporate tax transparency measures being applied to everything from the smallest microenterprise to the largest multinational. Almost three-quarters (74%) believe that the UK should force multinational businesses …
