Governance & Corporate Responsibility
Learn about the Group’s financial and operating results and other useful information
Financial
Governance & Corporate Responsibility
Learn about the Group’s financial and operating results and other useful information

Financial

Annual Reports


2020 Annual Report

2019 Annual Report

2018 Annual Report

2017 Annual Report

2016 Annual Report

2015 Annual Report

2014 Annual Report

2013 Annual Report

2012 Annual Report

2011 Annual Report

2010 Annual Report

2009 Annual Report

2008 Annual Report

2007 Annual Report

2006 Annual Report

2005 Annual Report

2004 Annual Report

2003 Annual Report

2002 Annual Report

2001 Annual Report

2000 Annual Report

1999 Annual Report

 

Taxation

Tax Strategy 2019
This Tax Strategy applies to Millennium & Copthorne Hotels Limited and its UK subsidiaries (“M&C Group) in accordance with paragraph 16 of Schedule 19 to the Finance Act 2016. All references to “tax” and “tax compliance” include all taxes and duties as set out in paragraph 15(1) of the schedule.

Our tax strategy is to effectively manage the tax cost and cash tax effect to the M&C Group of doing business and to provide value to our shareholders whilst ensuring that our tax affairs are transparent and aim to comply with all appropriate laws and regulations in relation to tax.

Tax Risk Management
Tax is a part of the finance function and the Senior Accounting Manager ("SAO") for the M&C Group is fully aware of their duty as signatory.


Tax Risk
M&C Group is committed to paying the right amount of tax, in the right jurisdictions and at the right time. It will seek to actively resolve any uncertainty in the interpretation of tax legislation with the relevant tax authority. We ensure that tax returns are filed in a timely manner and payment is made when due.


Tax Planning
M&C Group aims to comply with all applicable tax rules and regulations. Any transactions undertaken by M&C Group have a commercial purpose. We will consider a range of tax outcomes based on the underlying commercial intent of any business activity or transaction. Advice may be sought from external tax advisers in evaluating risk areas, adhering to complex tax laws and implementing best practice.


Working with HMRC
We engage with HMRC constructively, honestly and in a professional manner. We will seek to resolve disputed matters through active and transparent engagement. Regular contact is made with our Customer Relationship Manager at HMRC and we also provide HMRC with business update during face to face meetings.


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