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Lloyd Motors Limited
Tax Strategy

This Tax Strategy sets out Lloyd Motor Group Limited's approach to tax risk management, tax planning, governance and dealings with HM Revenue & Customs (HMRC).

This strategy is published in accordance with the requirements of Schedule 19 of the Finance Act 2016, which requires qualifying groups, companies and partnerships to publish their UK tax strategy for each financial year. This document applies to all UK taxes relevant to Lloyd Motor Group Limited and its subsidiary undertakings.

The Board of Directors has approved this Tax Strategy and is committed to ensuring that the Group maintains high standards of tax compliance and transparency in all jurisdictions in which it operates.

Tax Governance and Risk Management

The Board retains ultimate responsibility for the Group's tax affairs and tax governance framework. Day-to-day responsibility for managing tax matters is delegated to the Chief Financial Officer and the Group Finance team, supported where appropriate by external professional advisers.

The Group seeks to:

  • Comply fully with all applicable tax laws, regulations and reporting requirements.
  • Maintain appropriate systems, controls and processes to identify, assess and manage tax risks.
  • Ensure that tax considerations are incorporated into significant commercial decisions.
  • Monitor changes in tax legislation and HMRC guidance to ensure ongoing compliance.


Attitude Towards Tax Planning

The Group's approach to tax planning is aligned with its commercial activities and business objectives.
The Group will:

  • Structure its affairs in a tax-efficient manner where consistent with the intent of tax legislation.
  • Claim available reliefs, incentives and allowances as intended by Parliament.
  • Not undertake artificial tax arrangements that lack commercial substance or are designed primarily to achieve tax advantages contrary to the spirit of the law.
  • Seek external advice where the tax treatment of significant transactions is uncertain or complex.

Level of Tax Risk Accepted

The Group adopts a low-risk approach to taxation and seeks to minimise tax risk through robust governance and controls.
When evaluating tax risks, the Group considers:

  • Financial exposure.
  • Reputational impact.
  • Regulatory implications.
  • Consistency with the Group's values and ethical standards.

Where uncertainty exists, the Group will seek clarification from professional advisers and, where appropriate, engage directly with HMRC.

Relationship with HMRC

The Group aims to maintain an open, honest and constructive relationship with HMRC.
In dealing with HMRC, the Group will:

  • Submit tax returns and make tax payments accurately and on time.
  • Make timely disclosures where errors are identified.
  • Respond promptly to HMRC enquiries.
  • Seek to resolve areas of uncertainty through proactive engagement.
  • Provide information requested by HMRC in a transparent and cooperative manner.

Publication and Review

This Tax Strategy has been approved by the Board of Directors and is published in accordance with Schedule 19 of the Finance Act 2016.

The strategy will be reviewed annually and updated as necessary to ensure it remains appropriate for the Group's activities and complies with all relevant legislative requirements.

The above policy was approved by the Board of Lloyd Motors Limited on 5th June 2026