Tax strategy statement

Moweb's Chief Financial Officer is responsible for tax strategy, with Board-level oversight from the Audit Committee. Tax risk is managed within Moweb's enterprise risk management framework and reviewed quarterly.

Material tax positions are reviewed with external advisers and documented before being adopted. We do not take aggressive tax positions; we prefer to accept a higher tax cost in exchange for predictability.

We pay the correct amount of tax in every jurisdiction where we operate. We do not use artificial structures intended to reduce tax in a manner inconsistent with the spirit of the law.

We make use of available reliefs and incentives where they are intended for the type of activity we undertake, including R&D tax credits where applicable.

We operate openly and constructively with HMRC and equivalent authorities in every jurisdiction. We respond to enquiries promptly and disclose material positions proactively where required.

Moweb files country-by-country reports where statutory thresholds are met. Aggregated tax payments per jurisdiction are summarised in the Annual Report.