Tax Strategy – December 2023
In compliance with section 161 and section 19(2) of Schedule 19 Finance Act 2016, Logopak International Ltd hereby publishes the company’s tax strategy for the year ending 31 December 2023 onwards.
Advanced Labelling Systems Ltd manufactures and sells industrial labelling machines and self-adhesive labels, and also sells spare parts and other consumables, mostly throughout the United Kingdom.
The company was established in 1997 and currently has 18 employees. In December 2023 Advanced Labelling Systems Ltd became 70% owned by L. Possehl &Co.GmbH and the remaining 30% owned by two UK resident Directors.
Advanced Labelling Systems Ltd understands and accepts its obligations with regard to tax.
The primary objective from this perspective is to ensure we are compliant with all tax legislation and the requirements published therein. Included in this will be to ensure all applicable returns are made on a timely and accurate basis, but at the same time ensuring, where applicable, any tax paid has been assessed for any concessions or reliefs which are allowed under the relevant legislation. With this in mind, we do not seek to take an aggressive stance in interpretation of tax legislation, and the policy is to operate within both the spirit and the letter of the law. We do not use any artificial tax avoidance schemes, tax havens, or management incentive programs linked to any aspect of tax mitigation or determining an effective tax rate.
Advanced Labelling Systems Ltd understands the need for good co-operation and a strong working relationship with HMRC and other relevant government departments, and seeks to have open and honest communication in this respect. As and when required, we comply with any request for additional information to support returns made, and liaise with the relevant HMRC department on tax matters as and when the need arises.
Taxation is a complex subject, and Advanced Labelling Systems Ltd does not employ specifically trained personnel in respect of tax. Therefore in order to ensure compliance, external support from tax advisers will be engaged to assist in the review and completion of specific aspects of tax, however the overall responsibility for tax policy and reporting lies with the Managing Director.
Please call us on 01844 213177 or email using the online form.
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