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Tax Portal

Tax

In our approach to tax, we seek to balance the interests of all our stakeholders, including shareholders, governments, colleagues and the communities in which Informa operates.

The Group takes a principled and low-risk approach. We commit to paying our taxes in full and on time, in compliance with the letter and intent of the laws of countries in which we operate, and to managing costs in a responsible manner to optimise returns for shareholders.

This section explains our Global Tax Policy and how we manage tax affairs throughout the Group.

  • Approach
  • Contributions
  • Governance
  • Further Information

Paying tax is an integral part of our commitment to the societies in which we operate. Taxes help governments provide vital services and infrastructure, which we in turn rely on to run the Group successfully, and a fair and effective tax system is in the interests of tax-payers and society at large. Our approach to managing tax affairs is:

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To make transparent tax disclosures that meet all regulatory requirements and reflect best practice

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To comply with and follow the spirit of the law in the countries where we operate

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To engage constructively and openly with local and national tax authorities

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To pay our taxes in the jurisdictions where our revenue-generating activities take place

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To use available tax incentives to optimise returns to shareholders As a UK headquartered business, we work closely with the UK tax authority HMRC

We take a low risk approach to tax planning. In addition, we have achieved low risk status as defined by HMRC for our UK activities. HMRC judges the tax risk of a business according to factors such as tax planning, compliance with tax filing requirements and openness of engagement and periodically reviews it. Our goal is to maintain this rating in the UK.

This approach limits the likelihood of disputes with tax authorities and is unlikely to give rise to unexpected tax liabilities.

Tax risks can also arise from ongoing business activity. We operate a regular risk review process to identify if trading activity is giving rise to tax risk and how it can be remedied.

When interpretation of law is uncertain, we seek to discuss the issue with HMRC (or other tax authority as appropriate) at the time or refer to it when tax returns are filed, depending on the significance of the matter.

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For the last financial year – 2016 – our total tax footprint was £183.2m, £77.2m of which was paid in the UK. This comprised £73.4m in taxes on profit and £109.8m in taxes paid by others but generated as a result of our business operations.

  2016 2015
Total amount paid £m Amount paid in UK £m Total amount paid £m Amount paid in UK £m
Corporation Tax and similar taxes 43.25 24.24 30.72 23.3
Employer's Social Security Contributions 30.15 16.57 27.89 15.9
Total taxes paid out of profits 73.4 40.81 58.61 39.2
 
Net VAT and sales taxes 11.54 (7.49) 15.06 (1.41)
Employees' income taxes deducted at source 74.52 34.77 61.95 32.73
Employees' social security contributions 23.73 9.12 19.08 9.39
Total taxes paid by others but generated by our businessses 109.79 36.39 96.08 40.7
 
TOTAL TAX CONTRIBUTION 183.9 77.2 154.69 79.9

Our total tax contribution increased in 2016 due to an increase in corporation tax payments, particularly in the US, and higher employment taxes paid out of profits and by colleagues. Increased investment in systems and platforms under the 2014-2017 Growth Acceleration Plan generated higher VAT refunds, leading to a small decrease in our UK total tax contribution.

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Tax advice is taken on matters when in-house resource is not sufficient; this can occur when we do not have relevant experience in the tax issues or in the jurisdiction involved.

The Global Tax policy is provided to all Informa Colleagues, and more detailed guidance given to those working in Finance roles that have a direct connection with tax affairs.

  • The Audit Committee

    Is responsible for the Group’s Global Tax Policy and ensuring our principles and approach are adhered to

  • The Group Corporate Services Director

    Manages the tax function. This team has close contact with finance leaders in each of Informa’s Divisions and Shared Service Centres

  • The Group Tax Committee

    Oversees the day to day management of tax policies and standards. This comprises the Group Chief Executive, Finance Director, General Counsel & Company Secretary, as well as the Group Corporate Services Director and Group Treasurer

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  • Taken in full, this section explains our approach to tax affairs and includes information we are required to publish under the UK Finance Act 2016 (S161).

    The Financial Review section in the Informa 2016 Annual Report, along with Note 2 to the Financial Statements, includes more detail on how the Group accounts for tax and tax payments.

    For questions or further information, contact Informa’s Group Corporate Services Director.

    • Glynn Fullelove profile
    • Glyn Fullelove
      Group Corporate Services Director
      Informa Group PLC
      5 Howick Place
      London
      SW1P 1WG
      UK

      Telephone: +44 (0)207 017 5000

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