Tax Strategy Policy

  • Document Reference: ML-TSP
  • Document Version: 1.0
  • Last Updated & Approved: 23/12/2023
  • Review Period: 12 months
  • Next Review Date: 23/12/2024

Table of Content

  • Introduction
  • Tax Risk Management
  • Tax Planning
  • Relationship with HMRC
  • Tax Governance


This strategy has been published in accordance with Schedule 19 of the UL Finance Act 2016 and applies from the date of issue until it is superseded. The goal of the tax policy and strategy is to add value to our business through responsible tax planning, mitigate risk, and comply with the laws and regulations in the jurisdiction where Main Layer operates.

Tax Risk Management

We are committed to complying with all applicable tax laws. Main Layer assesses tax risk and makes tax decisions with regard to compliance with tax laws and regulations as well as its reputation, integrity, and status.

Tax Planning

Main Layer engages in appropriate tax planning that supports our business and reflects commercial and economic activity. Where it is responsible and appropriate to do so, Main Layer Ltd will apply available tax incentives and reliefs implemented by the government.

Relationship with HMRC (His Majesty’s Revenue & Customs)

Main Layer Ltd seeks to develop and maintain professional relationships with HMRC that are constructive and co-operative. Where applicable, Main Layer Ltd works collaboratively with HMRC, including the resolution of disputes, to achieve early agreement and certainty.

We ensure that there is access to relevant information upon HMRC’s request.

Tax Governance

The ultimate responsibility for the implementation of Main Layer Ltd’s UK tax strategy and compliance rests with the director(s).


Please Note: This document is uncontrolled when printed or copied.


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