This statement of Fair Tax compliance was compiled in partnership with the Fair Tax Mark and certifies that Ethical and Environmental Screening Services Limited (“Ethical Screening”) meets the standards and requirements of the Fair Tax Mark’s UK Small Business Standard.
Tax Policy
Ethical Screening 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 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, 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 that we 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 HM 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, and 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 all the information that users, including HM Revenue & Customs, might need to properly appraise our tax position.
Reporting
Ethical Screening is a private limited company, originally established in 1998, with the principle activity of the provision of ethical and environmental screening services.
Ethical Screening undertakes research and analysis into those non-financial aspects of corporate activity that concern the ethical investor and enables them to invest according to their principles.
The company is run by a dedicated team of responsible investment specialists with experience ranging from financial planning to environmental and social research. We are independent of influence from organisations and agendas, which aim to achieve particular social, environmental, or political goals. The range of issues we look at is determined entirely by the requirements of our clients’. Our research and analysis determine whether a company is involved in a particular activity, and the magnitude and significance of that involvement. We are not a campaigning organisation, and we do not endorse or promote a particular opinion on any ethical issue.
The beneficial owners of Ethical Screening, with more than 10% shareholding, are as follows:
- Michael Head - 41.5% with 83 A Ordinary shares;
- Lee Coates - 40.0% with 80 Ordinary shares; and
- Gerard Llewellyn - 10.0% with 20 B Ordinary shares
For the year ended 30 September 2019, director’s remuneration amounted to £1,286 in relation to private medical insurance for Michael Head.
The registered office address of Ethical Screening is: Formal House, 60 St. George’s Place, Cheltenham, Gloucestershire, GL50 3PN, which is also the trading address.
- The average net profit before tax over the three years 2017 to 2019 was £115,822.
- The average current tax charge over the three years 2017 to 2019 was £21,527 (18.59%).
- The average expected current tax charge over the three years 2017 to 2019 was £22,227 (19.19%).
- As the actual average current tax charge rate is within one percentage point of the expected current tax charge rate, a reconciliation has not been provided.
As at 30 September 2019, Ethical Screening had no deferred tax assets or liabilities, and had no movements in deferred tax expensed or credited to the income statement.
To see our 2019 statement click here.