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Fair Tax Mark Statement

of Sinclair Motor Holdings Ltd (April 2021)

Sinclair Motor Holdings Limited is the holding company of the Sinclair Group, whose subsidiaries are listed in Appendix 1. Sinclair Motor Holdings Ltd operates its core functions of retailing new cars, used cars, commercial vehicles, servicing and repairs, Bodyshop repairs, parts sales and fuel sales through multiple outlets in South Wales.

This statement sets out Sinclair Motor Holdings’ tax policies and disclosures that augment our Annual Report and Financial Statements 2020, with a view to securing Fair Tax Mark certification. In future years, disclosures will be integrated into our Annual Report.

Tax Policy

Sinclair Motor Holdings is committed to paying all the taxes that we owe in accordance with the spirit of all tax laws that apply to our operations. We believe that paying our taxes in this way is the clearest indication we can give of our being responsible participants in society. We will fulfil our commitment to paying the appropriate taxes that we owe by seeking to pay the right amount of tax, in the right place and at the right time. We aim to do this by ensuring that we report our tax affairs in ways that reflect the economic reality of the transactions we undertake in the course of our trade.

We will not seek to use those options made available in tax law, or the allowances and reliefs that it provides, in ways that are contrary to the spirit of the law. Nor will we undertake specific transactions with the sole or main aim of securing tax advantages that would otherwise not be available to us based on the reality of the trade that we undertake. The company will never undertake transactions that would require notification to HM Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonable anticipated that the UK’s General Anti-Abuse Rule might apply.

We believe tax havens undermine the UK’s tax system. As a result, whilst we may trade with customers and suppliers genuinely located in places considered to be tax havens, we will not make use of those places to secure a tax advantage, and nor will we take advantage of the secrecy that many such jurisdictions provide for transactions recorded within them. Our accounts will be prepared in compliance with this policy and will seek to provide all the information that users, including HM Revenue & Customs, might need to properly appraise our tax position.

Compliance

Sinclair Motor Holdings Ltd and subsidiaries are compliant with our Tax Policy. Responsibility for all tax reporting and adherence to the Tax Policy rests with our Head of Finance, Leanne Smith.

Reporting

Our Annual Report and Financial Statements are freely available at Companies House. The Registered Office is also the Trading address of Sinclair Motor Holdings Ltd. All of the subsidiary companies are included in the consolidated financial statements of Sinclair Motor Holdings Ltd. All subsidiary companies are wholly owned and are incorporated in Great Britain and registered in England and Wales.

Appendix 1

Members of the Sinclair Motor Group:

  • Sinclair Motor Holdings Limited
  • Sinclair Garages (Newport) Limited
  • Sinclair Garages (Port Talbot) limited
  • Sinclair Garages Limited
  • Sinclair Garages (Bridgend) Limited
  • Sinclair Garages (Cardiff) Limited
  • Sinclair Garages (Swansea) Limited
  • Swansea TPS Limited