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Tax Strategy

Last updated: OCTOBER 2025

This Tax Strategy sets out the approach of Newark Motor Auctions (Decidebloom Ltd) (“NMA”, “we”, “us”) to managing its tax affairs and tax risk. It reflects our commitment to compliance, transparency, and responsible tax behaviour.

1. Scope

This strategy applies to all UK taxes relevant to Newark Motor Auctions, including but not limited to:

  • Corporation tax

  • VAT

  • PAYE and National Insurance

  • Business rates and other indirect taxes

2. Our Approach to Tax Compliance

  • We are committed to complying fully with all applicable UK tax laws and regulations.

  • We aim to pay the right amount of tax at the right time.

  • Tax obligations are managed in line with statutory requirements and recognised accounting practices.

3. Tax Governance & Oversight

  • Ultimate responsibility for tax matters rests with senior management.

  • Day-to-day tax compliance is managed internally, supported by professional external advisers where appropriate.

  • Tax considerations are taken into account as part of wider business decision-making and risk management.

4. Tax Risk Management

  • We adopt a low-risk and prudent approach to tax.

  • Tax risks are identified, assessed, and managed as part of our overall risk framework.

  • Where tax treatment is unclear or complex, we seek appropriate professional advice.

5. Tax Planning

  • We do not engage in artificial or aggressive tax avoidance schemes.

  • Any tax planning undertaken supports genuine commercial activity and aligns with both the letter and the spirit of the law.

  • We make use of available reliefs, allowances, and incentives only where they are intended by legislation.

6. Relationship with HMRC

  • We aim to maintain an open, honest, and constructive relationship with HMRC.

  • We engage transparently and respond promptly to any queries or requests for information.

  • Any disputes are handled professionally and resolved as efficiently as possible.

7. Review

This Tax Strategy is reviewed periodically and updated as necessary to reflect changes in legislation, business operations, or governance arrangements.

Approved by:
Management, Newark Motor Auctions
Decidebloom Ltd