Handelsbanken plc (hereafter ‘Handelsbanken’ or ‘the Bank’) recognises that its success derives from the trust it enjoys from its customers, counterparties, employees, investors, public authorities and the public in general. It also understands how taxation plays a key role and contributes to a sustainable development of society. Ethical, moral, and sustainable conduct in relation to tax matters, are therefore vital.
The Bank’s policies on Tax, Ethical Standards and Sustainability govern the Bank’s attitude towards tax risk management, tax planning, professional conduct and best practice when working with tax authorities. They also form the basis of this Tax Strategy which summarises Handelsbanken and its UK subsidiaries’ approach to conducting its own tax affairs and dealing with associated tax related risks.
The Strategy is reviewed and approved by the Handelsbanken board an annual basis and the Bank regards its publication as complying with its obligations under paragraph 19(2) Schedule 19 Finance Act 2016.