Tax

BPIE is committed to compliance with all statutory obligations  and full disclosure to the tax authorities. The company’s tax policies require compliance with both the letter and spirit of UK tax law.

The Board of Directors of BPIE is responsible for the governance and policy of the company in relation to UK taxation. Under its oversight, the Managing Director and Chief Financial Officer take day-to-day responsibility of the bank’s tax obligations.

BPIE’s ongoing approach to UK tax risk management and governance is based on the principles of reasonable care and materiality

BPIE has a conservative approach to tax risk and its attitude towards tax planning is consistent with its purpose and value. The company uses a tax risk framework to assess and monitor tax risk and does not undertake purely artificial transactions in order to obtain a tax benefit

BPIE engages the HMRC with transparency, integrity, and respect. The company seeks to resolve any issues that arise with HMRC in a timely and cooperative manner