This Statement is applicable to the following, direct or indirect, UK subsidiaries (collectively “Genesys UK”) of Greeneden U.S. Holdings I, LLC (“Genesys” or “the Group”) and is in accordance with Finance Act 2016 Schedule 19.
- Greeneden UK Acquisition Company Limited
- Genesys Telecommunications Laboratories – Europe Limited
- SpeechStorm Limited
- Silver Lining Solutions Limited
- ININ UK Limited
Tax Compliance and Reporting, Risk Management and Governance in relation to UK Taxation
Genesys UK’s policy is to comply with all relevant rules, regulations, disclosure and compliance requirements and to pay the amounts of tax that are legally due. Projects undertaken in the UK have commercial and economic substance and are not undertaken with the sole purpose of obtaining tax advantages. Our Group’s tax personnel engage regularly with Genesys business development and operations teams to facilitate the growth of the business and provide clear, timely, and business focused advice with respect to taxation.
The Group’s Senior Vice President of Tax reports to the Chief Financial Officer of Genesys and is ultimately responsible, in partnership with Genesys UK’s Boards of Directors, for managing Genesys UK’s tax strategy, policies and tax risk appetite. When a tax risk is identified, Genesys UK’s internal procedures require the risk to be brought to the attention of its senior management as well as the Group tax department. We have a skilled team of tax and accounting professionals who, in partnership with external tax advisors, monitor and evaluate key UK tax risks and take into consideration the changes in business and tax legislation which may result in UK tax planning as needed. We acknowledge that there is some level of risk in relation to UK taxation due to complex and changing tax laws and potentially differing interpretations of the laws between HMRC and Genesys UK.
Approach Towards Its Dealings with HMRC.
Genesys UK is committed to ensuring full compliance with all statutory obligations to tax authorities. Genesys UK will engage with HMRC with honesty, integrity and respect and cooperate fully with HMRC in a timely manner.
This statement is applicable for the taxable year ending December 31, 2017.
[Dated December 31, 2017]