Yardi Systems Limited – UK Group Tax Strategy
This Tax Strategy statement applies to Yardi Systems Limited and its 100% owned subsidiaries. The company acquired a further subsidiary, We Are Forge Ltd during the year. Our approach to tax has been published in accordance with paragraph 16(2), Schedule 19 of the Finance Act 2016, and relates to our accounting period ended 31st December 2021.
The company generates and contributes both direct and indirect taxes including corporation tax, employee taxes, VAT and Stamp Duty Land Tax.
B. Basic Principles
The principles that govern our approach to our tax obligations are as follows:
- We strive to pay the right amount of tax in accordance with the tax laws.
- We desire to claim available allowances, deductions and reliefs in accordance with the manner in which they were intended.
- We aim to meet our tax obligations with HM Revenue and Customs at all times.
C. Day to day management of our tax affairs
The Finance Team and Senior Management update the Board of Directors as appropriate. The Board of Directors are ultimately responsible for the tax strategy of Yardi Systems Limited and its subsidiary companies.
Professional advisers are engaged to assist the Company where felt appropriate and taken across the UK Group. The aim of the support is to help meet the compliance obligations with the relevant tax authorities within the United Kingdom.
We strive to pay the right amount of tax on a timely basis in accordance with tax law and practice in the United Kingdom.
D. Our attitude to Tax Planning
We adopt a low-risk approach to tax and do not engage in any artificial tax arrangements.
Our tax obligations, and therefore our tax contribution, are aligned with the commercial and economic activity of our operations. Tax is considered in all significant business decisions but we do not undertake any transactions for the sole purpose of realising tax savings.
We believe in safeguarding our reputation and our relationships with clients, shareholders and tax authorities alike and we are not subject to undue shareholders influence.
The Company has a zero-tolerance policy to tax evasion, whether carried out by an employee or a business representative acting for us or on our behalf.
E. Working with HM Revenue and Customs
We Strive to make every effort to meet our filing deadlines and tax obligations within the United Kingdom.
If there is uncertainty on a tax matter, we seek advice on the issue in hand to resolve the uncertainty.
We endeavour to adopt a collaborative approach to our interactions with HM Revenue and Customs and any other relevant tax authority.