The Board of Aston Martin Lagonda Global Holdings plc (the Board) has ultimate responsibility for the Group’s tax strategy although the day to day management rests with the Executive Committee which comprises the senior operational personnel (12 in total) of the group.
The Chief Financial Officer (CFO) is the Executive Committee member with ultimate responsibility for tax matters and is the Senior Accounting Officer of the Group. A member of the Board, the CFO attends all Board meetings, and advises the Board in the tax affairs and risks of the group to ensure:
- the proper control and management of tax risk;
- the tax position is planned in line with the Group’s strategic objectives;
- the tax charge is correctly stated in the statutory accounts and tax returns; and
- all tax compliance is completed in a timely manner to HMRC and other tax authorities.
On a day to day basis, the management of the group’s tax affairs is delegated to the Director, Accounting, Treasury and Tax who reports to the CFO and responsibility for day to day payroll activities and the related taxes is delegated to the Director of HR, who reports to the Chief Executive Officer, who is also a member of the Executive Committee. The various individuals with responsibility for Tax and Finance receive regular training in accordance with their roles.
The Board ensures that Aston Martin’s tax strategy is one of the factors considered in all investments and significant business decisions taken.