M & M Underwriting Limited 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, at the right rate, 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 actually 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 H M Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonably 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, 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 the information that users, including H M Revenue & Customs, might need to properly appraise our tax position. 

We share the frustration of many at the ability of some household names to make sizeable profits in the UK and yet not contribute their fair share back to society, so we have joined the growing number of organisations in the UK (and overseas) who are saying, with pride, that they pay the right amount of tax, at the right rate, in the right place and at the right time.

Speaking with UK advanced manufacturing companies, one of their ever-present concerns is the skills-gap in many leaving full-time education. For the UK to compete on the global stage, we feel that it is important that students are leaving education equipped with the right tools for industry. In our own little way, by meeting our full tax responsibilities, M & M Underwriting are contributing to the teaching of STEM subjects and hoping that this inspires current and future generations to follow a path into Science, Technology and Engineering careers. Our hope is that existing and potential new customers will recognise M & M Underwriting’s commitment to their industry, through the Fair Tax Mark.