Megger Group Limited UK Tax Strategy
Introduction
Schedule 19 of Finance Act 2016 requires large groups to publish their UK tax strategy online. This strategy, which relates to the financial year ended 30 November 2026, has been approved by the Board of Megger Group Limited (“the Board”), which retains ultimate responsibility and accountability for its oversight and implementation. The strategy is reviewed, approved, and published annually, and in any event within 15 months of the previous publication, in accordance with Schedule 19 FA 2016. The strategy is published on the Group’s website and is accessible to the public.
Megger Group Limited (“Megger”) is committed to paying all taxes that are due, complying with all applicable laws, and engaging constructively with all relevant tax authorities.
The Chief Financial Officer (“CFO”) is responsible for the operational management and day-to-day implementation of the strategy, under the direction and authority of the Board.
Approach to Tax Risk Management and Governance Arrangements
Megger maintains robust tax governance with strong internal controls to substantially reduce tax risk to acceptable levels. The Board has ultimate oversight of tax matters and receives regular updates from the CFO on significant tax issues, risks, and developments. The CFO is responsible for ensuring that appropriate policies, procedures, and systems are in place to support this strategy, and that the UK finance teams have the required skills to implement these policies and ensure the correct amount of tax is paid.
Tax risks are identified and assessed regularly. Controls and processes are reviewed and updated as necessary to ensure ongoing compliance. Where significant tax risks are identified, these are escalated to the Board for review and decision-making.
The Group also has a zero-tolerance approach to tax evasion, whether carried out by an employee or a business partner.
Megger has a Group Compliance Policy, issued to all staff when they join, which is available on the Group Intranet. The key statements within it are that Megger:
• Will operate within a sustainable framework for the benefit of all stakeholders.
• Is committed to integrity and high standards of business in everything it does.
• Will do business only by lawful and ethical means.
Attitude Towards Tax Planning
Megger does not engage in aggressive tax planning or in artificial transactions, the sole purpose of which is to reduce UK tax. Megger only undertakes tax planning that supports genuine commercial activity and is consistent with the intentions of Parliament and UK tax legislation.
Group structures and transactions are adopted to achieve UK tax efficiencies where these align with Megger’s commercial objectives and comply with UK tax law. Megger seeks to manage its tax affairs efficiently by appropriately utilising available reliefs and exemptions, in accordance with UK tax legislation, to ensure that profits are not subject to double taxation.
Megger has retained a third-party firm of tax advisers to act as the Group’s “in house” support, offering a breadth of experience to support the Directors in maintaining tax-compliant policies. External advice is sought to ensure compliance with complex or uncertain aspects of tax law and to ensure the right amount of tax is paid. Advisers are used for tax planning, production of annual tax returns, and correspondence with tax authorities, whilst Megger oversees all such matters and maintains responsibility for all data and correspondence produced.
Megger does not use marketed tax avoidance schemes.
Level of Risk in Relation to UK Taxation
The Group has a low appetite for tax risk and will only accept risks that are considered low and can be justified by genuine commercial objectives, while ensuring full compliance with UK tax legislation. In situations involving uncertainty or complexity, the Group seeks external professional advice to ensure that tax risks are identified, assessed, and managed appropriately.
The aim to be considered a low tax risk is achieved through the timely submission of all UK tax returns, including sufficient detail to enable HMRC to form an accurate view of the affairs of Megger, and by paying the appropriate amount of tax at the right time.
Approach to Dealings with HMRC
Megger is committed to complying with all relevant legal disclosure and approval requirements and to presenting all information clearly to HMRC as appropriate. Megger seeks to maintain an open, honest, transparent, and cooperative relationship with HMRC, both directly and, where appropriate, through its tax advisers.
The Group’s aim is to avoid unnecessary disputes with HMRC and thus minimise tax risk. Where differences of opinion arise, Megger seeks to resolve these through constructive dialogue.
Communication and Embedding of the Tax Strategy
This UK Tax Strategy is communicated to all relevant stakeholders within the UK, from Senior Management who make commercial decisions to staff involved in daily tax processes, so it is embedded in the culture. Stakeholders are also made aware of the Group’s Code of Conduct, which can be found on the Group’s website.
Jeremy Simpson
Chief Financial Officer
Date: April 2026
