Arora Holdings Limited and its subsidiaries (“The Arora Group*”) is a successful UK-focused private group of companies, which leverages synergies across its specialist property, construction and hotel divisions to its strategic advantage. Since 1999, the group has built its standing through meticulously managing projects from inception to delivery and beyond. Today, it owns and manages a diverse portfolio of flagship assets across the nation’s key business locations, partnering with some of the world’s most recognised brands to deliver consistently high service levels and sustainable growth.
As a business we plan for the long term. Our goals are to deliver value and growth for our stakeholders and to leave a positive legacy for future generations. Our strategy for delivering these goals are to:
More information about the Arora Group can be found at: www.thearoragroup.com.
The governance framework of the group ensures that all financial and tax risks are appropriately dealt with by Senior Management. Primary responsibility for taxation sits with the Head of Tax. Guidance is also provided by external advisors, particularly in relation to matters that are material or technical in nature. The board is updated on any material tax matters as they arise with further updates on any matters that are continuing. The overall governance framework enables taxation matters to be identified and managed on a day-to-day basis, ensuring that any risks can be reduced.
The Arora Group’s direct contribution to taxation in the UK economy includes corporate, employment, property, apprenticeship levy, CIS and insurance premium taxes. Additional, the group makes significant indirect contribution to the UK taxation through taxes on sales which are subject to VAT.
We take our responsibility to tax extremely seriously and are committed to meeting all our statutory tax obligation.
The Arora Group is committed to:
Our code of conduct sets the standard for what is expected of everyone conducting business on behalf the Arora Group.
Day to day responsibility for the conduct of the Group’s tax affairs is delegated to a number of qualified tax professionals, whose purpose is to meet our tax compliance obligations in the UK.
We fully provide for all our taxes in accordance with legal and accounting standards. Where material uncertainty exists, we support the stance taken in our accounts and in our tax returns through the use of qualified internal and external tax advisors.
Where error arise, we disclose these to the relevant tax authority at the earliest opportunity and seek to put in place additional procedures to ensure that such errors do not arise in the future,
Due to the nature of the business, the group is only prepared to accept a low level of tax risk. Any new commercial activities are reviewed on a case-by-case basis and where appropriate, specialist rax advice is sought.
We recognise that tax is by its very nature, complex and often uncertain.
We do not undertake aggressive tax planning and are committed to ensuring that tax reflects the underlying economic substance of the transactions the business enters into.
All transactions are driven by their commercial rationale rather than being shaped only to delivery a tax advantage result.
In cases where the tax guidance is unclear or the Group does not feel it has the necessary expert knowledge to assess the tax consequences adequately, external advice is sought to support the Group’s decision making process.
The Group is committed to the principles of openness and transparency in its approach to dealing with HMRC, and in particular the Group commits to:
Signed on behalf of the Arora Group
Surinder Arora – CEO & Senior Accounting Officer
*List of entities covered by this tax strategy:
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