Our tax policy

89up believes that taxation is the cornerstone of a free and open democratic society. Without taxation, the public services that everyone in a free society depend on, cannot be paid for. Without taxation we are all poorer.

89up is not legally required to publish a tax strategy, but in line with our values, we have decided to voluntarily publish a tax strategy.

This policy applies to 89up Ltd. References to taxation are to the taxes and duties set out in paragraph 15(1) of Schedule 19 of the Finance Act 2016 which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax and Stamp Duty Land Tax. 

As a responsible business, 89up is committed to paying the right amount of tax, being open and transparent to the taxation authorities, and to claim relevant reliefs and incentives where it is in the wider benefit of the company and its employees to do so.

Ultimate accountability for 89up’s Taxation Policy and compliance rests with the Director. The Taxation Policy is reviewed and approved by the Director on a regular basis and at least annually.  The Policy set out below relates to the Financial Year 2024/25. 

The Taxation Policy commits that 89up:

• does not use tax havens to reduce its overall tax liability
• does not undertake tax avoidance e.g. by using artificial or abusive transactions to reduce taxes paid
• takes a responsible and transparent approach to the management of its significant taxation issues;
• will not use contrived or artificial structures to reduce the company’s taxation liabilities;
• will only engage in reasonable taxation planning that is aligned with commercial and economic activity and does not
• lead to an abusive result;
• where appropriate, take advantage of taxation incentives and reliefs for the purpose for which they are intended, in order to act in the best interests of the company as a whole and whilst, at all times showing respect for the intention and letter of the law;
• maintains an open, honest and co-operative relationship with HMRC, particularly on matters of taxation uncertainty;
  ensures that HMRC is kept aware of significant transactions and changes in the business and seeks to discuss any taxation issues arising at an early stage when submitting tax computations and returns to HMRC. Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified;
• has the relevant skills and knowledge on taxation matters and access to independent professional advice when necessary;
• will seek to reduce the level of taxation risk arising from its operations as far as reasonably practicable by ensuring that reasonable care is applied in relation to all processes which could materially affect its compliance with its taxation obligations.