The tax policy set out below applies to Indeed UK Operations Limited. It has been published in accordance with paragraphs 16(4) and 20(1) of Schedule 19 to the Finance Act 2016.
Approach to UK tax affairs and tax planning
Our approach is governed by our guiding principles and codes of conduct. Our approach to our tax affairs in the UK is in the context of substantive business transactions and is governed by our overarching purpose of helping people all over the world hire and get hired. We aim to never act in a way we believe could be considered inconsistent with our understanding of the intention and spirit of legislation or which could be contrary to anti-abuse legislation.
Tax Compliance & Reporting
We observe and comply with all relevant laws, regulations and reporting and disclosure requirements. Our processes, policies, and governance procedures operate to ensure compliance and are designed to identify and mitigate our risks.
Indeed has internal governance procedures established to manage tax risk and ensure compliance with UK tax law. The Indeed tax function provides the UK Board of Directors with updates in relation to any change in law which will impact the company.
Governance and accountability
Our approach to risk management in the UK is consistent with our overall objective of achieving certainty in our tax affairs. Indeed's tax function keeps abreast of legislative tax developments and we seek to comply fully with regulatory and other obligations in the UK and to act in a way which achieves this objective.
With regard to our size, complexity and business transformation our key risks are those common to technology business operating in the UK. We are committed to compliance with statutory obligations in the UK and to being a responsible and compliant taxpayer. We seek to achieve this in the following ways:
- We maintain a framework of robust processes and internal controls designed to identify and mitigate risk of error to an acceptable level. These processes and controls are regularly monitored, reviewed and tested and underpin the preparation, review and submission of information;
- We operate a system of risk assessment and controls with respect to our tax affairs as a component of the overall internal control framework;
- Processes relating to different taxes are allocated to appropriate process owners who carry out a review of activities and processes to identify key risks and mitigating controls in place;
- Key risks are monitored for business and legislative changes; and
- In the event that applicable legislation and regulation are subject to interpretation we seek appropriate assurance regarding the position taken and advice is sought from external advisors where appropriate.
Relationship with tax authorities
We aim to develop and maintain professional, transparent and constructive relationships with HMRC in relation to our UK tax affairs.