Universal Flights, part of Universal Travel Synergy LTD, is committed to conducting its business activities responsibly and ensuring compliance with all applicable tax laws and regulations in the UK. This Tax Strategy Policy outlines our approach to tax governance, risk management, and compliance, reflecting our commitment to transparency and integrity.

Purpose and Scope

This policy sets out our strategy concerning taxes for Universal Flights. It applies to all UK taxation matters, including corporate tax, VAT, PAYE, and any other relevant taxes. The strategy applies to directors, employees, and third-party agents acting on our behalf.

Our Tax Principles

We adhere to the following key principles in all matters related to taxation:

  • Compliance: Ensuring full compliance with UK tax laws, regulations, and reporting obligations.
  • Integrity and Transparency: Engaging with tax authorities in an open and transparent manner.
  • Risk Management: Implementing robust internal controls to identify and mitigate tax risks.
  • Efficiency: Managing tax affairs responsibly while seeking legitimate opportunities to operate efficiently within the boundaries of tax law.

Governance and Accountability

  • Board Oversight: The board of Universal Travel Synergy LTD is responsible for the company’s tax strategy and compliance. It reviews tax matters periodically to ensure alignment with business objectives and legal obligations.
  • Delegation: Day-to-day tax management is delegated to qualified professionals or external advisors with oversight from senior management.
  • Policies and Procedures: We maintain up-to-date policies and internal controls to ensure compliance with tax regulations.

Tax Risk Management

We aim to identify, assess, and mitigate tax risks by:

  • Regular Monitoring: Keeping abreast of changes in tax laws and regulations.
  • Professional Advice: Seeking advice from reputable tax advisors for complex or uncertain tax matters.
  • Internal Controls: Regularly reviewing internal processes to minimize errors in tax filings and payments.

We adopt a cautious approach to tax planning and do not engage in aggressive tax avoidance schemes.

Relationship with Tax Authorities

We are committed to maintaining a constructive and transparent relationship with HM Revenue & Customs (HMRC) by:

  • Timely Communication: Responding to queries and submitting accurate information promptly.
  • Transparency: Disclosing all relevant facts and circumstances in compliance with tax legislation.
  • Resolution of Disputes: Collaborating with HMRC to resolve any disputes professionally and efficiently.

Approach to Tax Planning

We undertake tax planning only to the extent that it supports genuine commercial activities. Tax planning is conducted responsibly, ensuring it aligns with applicable laws, does not harm our reputation, and adheres to ethical standards.

Employee Taxes and Responsibilities

We ensure accurate and timely reporting and payment of employee taxes, including PAYE, National Insurance contributions, and other statutory deductions.

Monitoring and Review

This tax strategy is reviewed annually by the board of Universal Travel Synergy LTD to ensure it remains current and reflective of our business operations and legal obligations. Any significant changes to the strategy are communicated to relevant stakeholders.

Compliance Statement

This Tax Strategy Policy is published in accordance with Paragraph 16(2) of Schedule 19 of the UK Finance Act 2016. It represents the tax strategy of Universal Travel Synergy LTD, including Universal Flights, for the financial year ending [30Apr2024].

Contact Information

For further information on this policy, please contact:

Universal Flights

Operated by Universal Travel Synergy LTD

Email: support@universalflights.co.uk

Phone: +44 020 8609 8009