Tax Strategy

PCT HEALTHCARE (HOLDINGS) TAX STRATEGY – Year to 30 November 2025

The Board recognises the importance of all taxes and has put this Tax Strategy in place to document the Board’s commitment to pay the correct amount of tax on time and to ensure that the Group has the appropriate tax risk management in place. This strategy has been produced in accordance with paragraph 19 of Schedule 19 to the Finance Act 2016 and applies to all group companies.

The Group’s business activities generate a substantial amount and variety of taxes, including Corporation Tax, Value Added Tax, Employment Tax and Stamp Duties. These are all covered by the below policy.

Our tax policy comprises of five key components:

1 – Commitment to tax compliance:

Our overall objective is to achieve certainty in our tax affairs. The Group is committed to compliance with tax law and practice in the UK. This means paying the right amount of tax at the right time. It involves disclosing all relevant facts and circumstances to the tax authorities, claiming reliefs, exemptions and incentives where applicable and in the spirit of tax legislation.

2 – Tax Planning:

Tax planning is limited to ensuring that commercial transactions of the Group are undertaken in a tax efficient manner using available legislation, tax reliefs, allowances and incentives in the manner and circumstances intended by HMRC and legislation.

The group do not actively seek to carry out aggressive tax planning measures.

Changes in Legislation are monitored to ensure adaptation of strategies where appropriate.

3 – Tax Risk Management

Day to day management of tax risk is minimised through robust internal controls and maintaining accurate records. The CFO is accountable for the effectiveness of the tax controls and is responsible for ensuring processes and controls are appropriate and that they have been complied with. 

For transactions that require a greater deal of expertise, the company utilises third party professional advisors to assist and advise with the tax obligations.

The overall aim is to file returns and pay the correct amount of tax in an accurate and timely manner and avoid unprovided tax liabilities such as interest and penalties. The group CFO is accountable for the effectiveness of the tax controls and is responsible for ensuring processes and controls are appropriate and that they have been complied with.

4 – Constructive approach to engaging with HMRC

The Group is committed to the principles of openness and transparency in its approach to dealing with HMRC and in particular the group commits to:

• Be open and transparent with HMRC about decision making, governance and tax planning.
• Ensure that all communications with HMRC are conducted in an open, collaborative and professional manner.
• Pay taxes and file returns by the due dates without incurring interest or penalties.
• Make appropriate, accurate and timely disclosures in correspondence and tax returns, and respond to queries and information requests in a timely manner.

5 – Board Ownership and oversight

This tax policy is approved and owned by the group’s board of directors and adhered to by the group Senior Accounting officer.