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Company Information
Perpetual Change Ltd, trading as LiquidQube
Company Information
Perpetual Change Ltd, trading as LiquidQube, is a company registered in England and Wales (Registered Number: 13822237).
Registered Address: Marsden Park, 8 James Nicolson Link, York YO30 4WX.
Introduction
Perpetual Change Ltd, trading as LiquidQube (“the Company”), is dedicated to managing its tax affairs responsibly and transparently. Our approach supports our long-term business goals while ensuring full compliance with UK tax laws and regulations. This Tax Strategy Statement, approved by the Board of Directors, meets the reporting requirements under Schedule 19 of the Finance Act 2016 for each financial year ending.
LiquidQube operates as part of a global business committed to ethical conduct, corporate responsibility, and transparency in every jurisdiction where we operate.
Governance and Oversight
The Board of Directors has ultimate responsibility for overseeing the Company’s tax strategy and ensuring its alignment with business objectives. The Chief Financial Officer (CFO), alongside the finance team, is responsible for the day-to-day management of the Company’s tax affairs in the UK.
In managing our tax obligations, we adhere to a robust governance framework that includes:
Internal Tax Committees: These committees, led by senior tax managers, meet regularly to assess the effectiveness of our tax strategies, ensure compliance, and identify any emerging risks.
Tax Control Framework: We have implemented strict internal controls and processes to ensure compliance with all UK tax requirements. This includes regular training for employees to maintain high standards of technical tax expertise.
Internal Tax Committees regularly review tax strategies, compliance levels, and emerging risks to uphold high governance standards.
The Company works closely with external tax advisors to ensure it stays abreast of any changes in UK tax law, and is committed to continually improving its internal governance to support responsible tax management.
Tax Compliance and Transparency
LiquidQube is committed to paying the right amount of tax, in the right place, and at the right time, in full compliance with UK tax laws. We aim to meet all our filing and reporting obligations, ensuring full disclosure of all relevant facts and circumstances to HMRC.
Transparency with HMRC: We engage proactively with HMRC to discuss any potential uncertainties in our tax positions and ensure that we take an open, transparent approach in all tax matters.
Claiming Reliefs and Incentives: Where available, we seek to claim tax reliefs and incentives in a manner consistent with the government’s policy objectives, ensuring we comply with both the letter and spirit of the law.
We strive for full transparency and foster open communication with HMRC to minimise risks and build a collaborative relationship.
Ethical Tax Conduct
LiquidQube upholds the highest ethical standards, ensuring all tax-related activities align with our corporate values. We do not engage in aggressive tax avoidance schemes or arrangements lacking genuine commercial substance.
Key practices include:
Adhering to OECD Guidelines for tax transparency and fair taxation, recognising income, and paying taxes in jurisdictions where economic activities occur.
Training employees on ethical conduct, compliance with tax laws, and prevention of tax evasion.
Tax Risk Management
Managing tax risk is a key component of our corporate governance. While we aim to minimize tax risk through careful planning, we acknowledge that complexities in tax law and international operations inevitably introduce some level of risk.
To mitigate this:
Risk Identification and Mitigation: We continuously monitor changes in UK tax legislation and regularly assess the potential impact on the Company’s operations. Any changes in the business environment or proposed transactions are reviewed by the tax team for potential tax implications.
External Expertise: We engage external advisors where necessary to ensure that significant transactions or issues are properly evaluated and that we are fully compliant with the relevant tax laws.
Internal Reviews: Conducting regular audits and assessments under our internal risk management framework.
Approach to Tax Planning
LiquidQube adopts a responsible approach to tax planning. We structure our business and operations in a way that is tax efficient, but we do so without resorting to aggressive tax avoidance.
We focus on:
Alignment with Business Activities: Tax planning is aligned with our business operations, and we ensure that any planning undertaken is consistent with the Company’s overall strategic objectives.
Consulting with Advisors: We regularly consult with tax professionals to ensure that our tax planning is sound and in line with UK tax laws. We carefully evaluate the tax impact of significant transactions before execution, ensuring compliance with both UK law and OECD principles.
Relationship with HMRC
LiquidQube is committed to maintaining a proactive, open, and cooperative relationship with HMRC. We engage with HMRC on significant matters, seeking clearance where appropriate and resolving issues promptly.
Advanced Pricing Agreements (APAs): We are open to engaging with HMRC on more complex matters such as APAs, to ensure that our tax positions are understood and agreed upon in advance.
Dispute Resolution: In the event of any disputes, we work with HMRC in a constructive manner to resolve matters efficiently and fairly, ensuring our tax position is clearly communicated.
Review and Updates
LiquidQube’s tax strategy is reviewed annually to ensure it remains aligned with our business objectives, legislative changes, and best practices. Updates are communicated promptly to stakeholders to maintain transparency and integrity.
For any queries regarding this statement, please contact the Compliance Department at compliance@liquidqubegroup.com.
Contact Information
For any questions or concerns regarding this policy, please contact the Compliance Department at compliance@liquidqubegroup.com.
