Strategy

• The UK Group (RCI Bank UK Ltd, RCI Financial Services Ltd and Mobilize Lease & Co Ltd) is committed to due diligence in all tax matters.
• The Board of Directors has a low appetite for tax risk - our tax strategy and policies require that we fully comply with the letter and spirit of UK tax law.
• We make timely and accurate tax returns that reflect our fiscal obligations to Government.
• We aim for certainty on the tax positions and our policy is not to make interpretations of tax law that are opposed to its original spirit.
• To support us in ensuring that we have interpreted tax law and its spirit correctly, we seek advice from large accounting firms, legal firms and/or tax counsel as appropriate.

Our relationship with HM Revenue & Customs

• An important part of our tax strategy and policies is the maintenance and development of a strong, proactive working relationship with HM Revenue & Customs (“HMRC”).
• We are transparent with HMRC and, in cases of interpretation or complexity, work with them on a real time basis to determine the amount of tax due.

Tax disclosure

• We understand the value of our financial reporting to customers, investors and other stakeholders. We work to provide enhanced, transparent and balanced disclosure in communicating our tax affairs

Tax Governance

• Tax matters including strategy and policies are the ultimate responsibility of the Board of Directors of the UK Group.
• The Board of Directors delegates authority to the CEO of the UK Group for the day-to-day management of tax related topics.