Sage seeks to correctly apply the tax legislation to its business operations and, in doing so, aims to minimise tax risk. Sage thereby actively seeks to identify, evaluate, monitor and manage tax risks.
Internal controls and escalation procedures are put in place with the aim of identifying, quantifying, and managing key tax risks as well as ensuring compliance with the UK Senior Accounting Officer rules. These key risks are then monitored for business, policy, and legislative changes and, as a result, tax processes or controls are updated where required. The Group Audit & Risk Committee oversees Sage’s tax control environment through the regular review of the tax strategy.
Appropriate training is carried out for staff who manage or process tax matters.
We recognise that tax legislation can be complex and sometimes subject to interpretation and this uncertainty could give rise to tax risk. Where there is uncertainty in how the relevant tax law should be applied, external advice is sought to support the Group’s decision-making process. We may also look to engage with global tax authorities (“Tax Authorities”) to disclose and resolve issues, risks, and uncertain tax positions.