About

This document has been prepared to summarise the tax strategy for the Broad Gain Group of companies including Harvey Nichols Group Limited and its subsidiaries which is a UK based tax Group. All references to “Harvey Nichols” or “the Group” include all such companies. We consider that this publication complies with the requirements of Schedule 19 of the Finance Act 2016. This document was first approved by the board and published in March 2019. The strategy will be revised annually, and any significant changes will be approved by the board. This version relates to the financial year ended 28 March 2020.

Harvey Nichols seeks to ensure that all tax affairs are managed with the highest standards of ethical conduct and integrity.

Overall responsibility for all matters relating to corporate governance and internal control lies with the Board of Directors. This includes tax matters.

Annual corporation tax returns are prepared internally and reviewed by external tax advisors. VAT returns and PAYE are prepared and reviewed by appropriately qualified members of staff.

A tax risk matrix is regularly updated and monitored to identify high risk areas and to ensure appropriate controls are in place for these areas with periodic reviews performed by internal audit. This is documented as part of our Senior Accounting Officer obligations.

The day to day tax management is performed by the Group finance team.

Where appropriate, advice is sought from external advisors regarding complex issues/ transactions.

The Group has a low appetite for tax risk and is committed to fully and timeously complying with all UK tax law. Transactions that lack commercial substance but provide tax benefits are not entered into. Harvey Nichols works with external tax advisers in order to manage our tax affairs efficiently and claim tax reliefs where available.

Harvey Nichols is committed to maintain a transparent and collaborative relationship with HMRC. This is achieved by submitting compliant tax returns containing all relevant and true facts and co-operating with any audits or checks performed by HMRC.