UK TAX STRATEGY (Finance Act 2016 – Schedule 19)
1. Introduction and scope
This tax strategy applies to Concordial International LLP, a limited liability partnership incorporated in England and Wales, for the financial year ending 30 April 2026.
For the purposes of this strategy, references to “the Group” relate solely to Concordial International LLP and do not extend to any other entity operating under the Concordial name.
Concordial International LLP is party to certain commercial and brand-related agreements with independent entities forming part of the Concordial network (the “Network Entities”). These Network Entities are legally and fiscally independent, are not subsidiaries, and are not controlled by Concordial International LLP.
Each Network Entity is responsible for its own tax affairs in its respective jurisdiction. This strategy relates to UK taxation only.
2. Approach to tax management and planning
Concordial International LLP adopts a responsible, prudent and commercially driven approach to taxation.
Tax planning is undertaken solely to support genuine commercial activities and the effective operation of the LLP.
The LLP does not engage in artificial arrangements or aggressive tax planning schemes that lack economic substance or are designed primarily to obtain a tax advantage.
Tax considerations are taken into account in business decision-making but do not override commercial, operational or regulatory objectives.
3. Attitude towards tax risk
Concordial International LLP has a low tolerance for tax risk.
Tax risk includes:
– the risk of non-compliance with applicable UK tax legislation;
– the risk of disputes with HM Revenue & Customs;
– reputational risk arising from tax-related matters.
Where uncertainty exists in the interpretation or application of tax law, the LLP will seek appropriate professional advice and adopt a cautious and well-reasoned position.
4. Tax governance and control framework
Responsibility for the UK tax affairs of Concordial International LLP rests with its Designated Members.
The LLP maintains proportionate governance procedures designed to ensure that:
– its UK tax compliance obligations are identified and met in a timely manner;
– significant or non-routine transactions are reviewed from a tax perspective;
– material tax risks are escalated to the Designated Members where appropriate.
External tax advisers may be engaged where necessary to support compliance and risk management.
5. Relationship with HM Revenue & Customs (HMRC)
Concordial International LLP seeks to maintain an open, professional and constructive relationship with HM Revenue & Customs.
The LLP is committed to:
– submitting accurate tax returns on a timely basis;
– responding promptly and transparently to HMRC enquiries;
– resolving tax matters efficiently and in a cooperative manner.
6. Network Entities
Network Entities operating under the Concordial brand are independent professional or advisory firms linked to Concordial International LLP through contractual arrangements relating to brand use, marketing and cooperation.
Each Network Entity:
– determines its own tax strategy;
– is responsible for compliance with tax laws in its own jurisdiction;
– is not included within the scope of this tax strategy.
Concordial International LLP does not assume responsibility for, nor exercise control over, the tax affairs of Network Entities.
7. Review and publication
This tax strategy is reviewed at least annually and updated where appropriate to reflect changes in legislation, business activities or risk profile. It is published on the LLP’s website in accordance with the requirements of
Schedule 19 of the Finance Act 2016.
Approved by:
The Designated Members of Concordial International LLP
Date: 18 January 2026
