UK Tax
UK Tax Statement
Introduction
At Underground Music Group, we are committed to conducting our business with integrity and in full compliance with UK tax laws and regulations. We believe in transparency and responsible tax practices that align with our ethical values and corporate responsibilities.
Our Approach to Taxation
Compliance: We adhere to all UK tax laws, ensuring accurate and timely payment of all taxes, including Corporation Tax, VAT, PAYE, and National Insurance contributions.
Transparency: We operate in an open and honest manner, disclosing tax information as required by law and maintaining clear financial records.
Risk Management: We actively assess and manage tax risks to ensure compliance while maintaining efficiency in our financial operations.
Fair Practices: We do not engage in aggressive tax planning or artificial tax avoidance schemes. Our tax strategy supports sustainable growth and reflects our commitment to ethical business practices.
Our Relationship with HMRC
We maintain a cooperative and professional relationship with HM Revenue & Customs (HMRC), engaging in open dialogue to ensure compliance and resolve any tax matters promptly.
This statement is made in accordance with the requirements of Schedule 19 of the Finance Act 2016 and applies to Underground Music Group’s operations in the UK for the current financial year.
For further information, please contact
admin@undergroundmusicgroup.com
Last updated 26th February 2025.