The John Clark Motor Group (JCMG) is committed to acting with integrity and transparency in all tax matters.
Recognising that our operations are based wholly within the United Kingdom, our tax strategy and policies require that our dealerships fully comply with all appropriate UK tax law. We do not operate any non UK based companies, trusts or bank accounts.
We ensure we make timely and accurate tax returns for, and payments of, all relevant taxes including Corporate, Employment, Property and Indirect e.g. Value Added Tax, that duly reflect our fiscal obligations to the UK Government, the Scottish Parliament and to local Councils.
To support us in ensuring that we have understood and interpreted both the drafting and the spirit of tax law correctly, we seek advice from our tax, accounting, property and legal advisors. All of which we ensure are leading, highly respected and reputable firms which are suitably qualified and experienced to provide us with the required level of professionalism.
Relationship with HM Revenue & Customs
An important part of our tax strategy and policies is the maintenance and development of a positive, proactive working relationship with HM Revenue & Customs (“HMR&C”). We are transparent with HMR&C and seek to ensure that they are kept informed of key developments in our business, as well as any notable changes in our seasonal trading led payment patterns.
We understand the value of our financial reporting to customers, investors and other stakeholders. We work to provide enhanced, transparent and balanced disclosure in communicating our tax affairs.
Tax is part of the Finance function of the Group Finance team based at our Head Office in Aberdeen and it is the ultimate responsibility of the Group Finance Director to ensure that the above tax strategy and policy is followed in his role as Senior Accounting Officer.
The Tax strategy and policies are reviewed on an on-going basis by the Group Finance Team and Board of Directors where necessary. Tax strategy and policy issues and/or any changes in HMR&C legislation from the UK Government Budgets, are monitored and assessed on a case by case basis by the Group Finance Director and his team. Regular reviews of tribunal updates are provided by our tax advisors and these are also duly considered & acted upon if appropriate.
Day-to-day tax matters are delegated to the Group Finance team along with the support of our divisional and dealership accountants. Internal and external audit reviews are also supported.