Home > Metalor > About the group > UK tax risk management strategy


Metalor Technologies (UK) Limited (MUK)

Taxation risk management strategy 2019

Ownership structure

MUK is an UK registered company, primarily selling and distributing from the Warstone Lane, Birmingham, premises, and also serving the Netherlands and other local markets from a warehouse in Eindhoven. The company is registered for VAT in the UK and the Netherlands.

MUK is a directly owned subsidiary of Metalor Technologies International SA (MTSA) a company incorporated in Switzerland. MTSA is 100% owned by Tanaka Holdings Co. Ltd (Tanaka) a company registered in Japan.

It is the intention of Tanaka and MTSA to comply with all applicable tax laws, rules, regulations and disclosure requirements: and to pay the right amount of tax in a prompt and timely manner in all territories where they operate.

Attitude to tax risk

Tanaka, MTSA and MUK have a zero tolerance attitude to tax risk.

The management of tax affairs

MUK, whilst qualifying as a large business from the sale of precious metal products only has 26 employees, and pays varying amounts of tax to local and national fiscal authorities namely:


· Corporation Tax

· Employers National Insurance

· Local property taxes

· Customs and excise duties

· Environmental taxes

On behalf of employees:

· Income tax

· Employees National Insurance

In addition to the accounting for, and reporting of, the tax categories above, MUK as the seller of standard rated gold uses the procedures as set out in the special accounting scheme for VAT.

Tax planning and compliance

Corporation tax planning is undertaken by MUK, but the reporting and compliance service is provided by external professional advisors.

In all the other tax categories MUK seeks and uses guidance from external professional advisors as and when appropriate.

Working with HMRC

MUK has a frank and open working relationship, and is completely transparent in all its dealings and disclosures, with HMRC.

Finance Act 2016 requirements

This document is deemed to comply with Paragraph 22(2) Schedule 19, Finance Act 2016 and with all other obligations within Schedule 19 Finance Act 2016

30选5开奖结果查 甘肃快3开奖 智富配资 福建快3豹子6最大遗漏 青海快三玩法中奖规则 辨别真钱假钱的方法 排列三9点到17点开机号 北京pk赛车app下载 河北十一选五中奖规则 江西体彩11选5彩经网 体彩安徽11选5一天出14期 pk10人工免费计划软件 云南快乐十分中奖技巧和规律 浙江20选5开奖公告 极速11选5计划全天 极速时时彩78开奖结果 贵州快3开奖