Taxwise Online Ltd Anti-Tax Evasion Policy
In light of the Criminal Finances Act 2017, Taxwise Online Ltd. ("the Company") is committed to conducting all business dealings with honesty and integrity. Our anti-tax evasion policy reflects our corporate values and applies to all employees, directors, associates, and any individuals or organizations acting on our behalf.
We require all "associated persons" and those who have or seek to have a business relationship with Taxwise Online Ltd. to familiarize themselves with this policy and act consistently with our anti-tax evasion values.
Anti-Tax Evasion Value Statement
Taxwise Online Ltd. has a zero-tolerance approach to all forms of tax evasion under UK law.
All employees and associates of the Company are strictly prohibited from engaging in any activities that:
(a) Cause the Company to commit a tax evasion offense; or
(b) Facilitate a tax evasion offense by a third party.
We are dedicated to conducting our business fairly, professionally, and with integrity in all our operations, implementing effective systems to prevent the facilitation of tax evasion. Our business practices are designed to minimize opportunities for tax evasion and to ensure compliance with UK tax laws.
Client Responsibility
We expect our clients to act honestly and to provide accurate and timely information to enable us to meet our legal and regulatory obligations. Clients must ensure that all information supplied to us is correct and complete, and they must not engage in any behavior that may facilitate tax evasion. Failure to provide accurate information or engage in tax evasion could result in the termination of our business relationship.
Who Must Comply with This Policy?
This policy applies to all individuals working for or on behalf of Taxwise Online Ltd., including employees, directors, officers, contractors, consultants, third-party representatives, and business partners, regardless of location.
Company Responsibilities
Taxwise Online Ltd. has conducted a risk assessment and established procedures to mitigate the risk of tax evasion by third parties. We are committed to providing appropriate training to our employees and associates to help them understand their responsibilities under this policy and the actions required to prevent tax evasion.
What Employees and Associates Must Not Do
Employees and associates must adhere to the anti-tax evasion policy at all times and ensure that they fully understand and comply with it. It is unacceptable for anyone working for or with the Company to:
a) Engage in any form of facilitating tax evasion or foreign tax evasion;
b) Aid, abet, counsel, or procure the commission of a tax evasion offense by another person;
c) Fail to report any request or demand to facilitate tax evasion in a timely manner;
d) Engage in any activity that could lead to a breach of this policy;
e) Threaten or retaliate against anyone who refuses to commit a tax evasion offense or who raises concerns under this policy.
Prevention Through Vigilance
While not all tax evasion opportunities can be anticipated, vigilance remains our best defense. Employees and associates are encouraged to apply common sense and report any suspicious behavior, unusual payment methods, or irregularities in the conduct of clients or third parties.
How to Raise a Concern
Employees are responsible for taking reasonable actions to prevent harm to Taxwise Online Ltd. and to report any suspicions of tax evasion immediately. Any deviation from standard procedures should be reported without delay, as it could indicate an attempt to evade tax.
Client Expectations
We expect our clients to be fully compliant with UK tax laws and to cooperate with our due diligence processes. We will not engage in or facilitate any transactions that seek to circumvent or exploit tax laws.
