This document, approved by the board of EAI Ltd, sets out the Group’s approach to conducting tax affairs and dealing with tax risks for the year ending 31 December 2023.
Eden Motor Group is committed to:-
The Approach of the Business to Tax Risk Management and the Level of Risk the Business is Willing to Accept
Although there are complexities in managing the Group’s tax affairs across a number of functional areas of the business, the processes and policies in place, throughout the Group, give the Directors confidence that it has appropriate tax accounting arrangements. These enable each Group to calculate all its relevant liabilities in all material respects. Notwithstanding the Group-wide tax accounting processes and reviews, there will inevitably be risks of error or omission within these processes.
The Group’s attitude towards the processes designed to reduce these tax risks is driven by the likelihood of occurrence and scale of impact of each risk.
When reviewing the tax risks associated with a specific decision or action, the Group ensures that the following are considered:-
In cases where the tax guidance is unclear, or the Group does not feel it has the necessary expert knowledge to assess the tax consequences adequately, external advice may be sought to support the Group’s decision-making process.
Approach Towards Dealings With HMRC
The Group is committed to the principles of openness and transparency in its approach to dealing with HMRC, and, in particular, the Group commits to:-
Signed on behalf of Eden Automotive Investments Limited
Stephen Belcher
Group Finance Director and Senior Accounting Officer
Eden Motor Retail & Eden Automotive Ltd Is a credit broker, not a lender and does not provide financing directly. We work with a number of trusted third-party financing companies to arrange credit on behalf of our customers.