In accordance with Schedule 19 of the United Kingdom Finance Act 2016, paragraph 19(2), this Tax Policy sets out the principles that the Vision RT UK sub-group headed by VRT TopCo Ltd, incorporated in the United Kingdom follow to manage their tax affairs.

Tax risk management and governance

The Companies are subject to a range of different national and international tax rules. These tax rules are often complex and if there are doubts over the interpretation of the law or risks identified to the Companies’ continuing compliance, external professional advice is obtained to ensure that the position is appropriate.

Attitude to tax planning

It is the Companies’ policy to be in compliance with all applicable tax laws and to have valid business reasons for transactions and structures.

Risk appetite

It is the Companies’ policy to be “good citizens” in the United Kingdom. This includes paying the taxes that they are obligated to pay.

The Companies seek to utilise available incentives and tax reliefs as intended by UK Parliament.

The Companies aim to adopt filing positions where it is reasonable to assume that these will be settled in their favour.

Dealing with HMRC

The Companies’ intention is to engage in professional communications with HMRC and to participate in an open dialogue on tax matters, including both existing and future matters of relevance.

If relevant, the Companies will seek dialogue and agreement with HMRC in order to increase predictability and minimise the risk of tax disputes.

In case of enquiries or investigations, the Companies will ensure that the relevant staff and documentation are available for HMRC. Full disclosure on such matters is of high priority for the Companies.

Confirmation

The daily management, actions and operations related to taxes in the Companies are in compliance with this Tax Policy.

This Tax Policy will be regularly reviewed to ensure it remains fit for purpose.

updated October 2021