Inspired Education Tax Strategy

Inspired Education Holdings Limited’s (referred to as ‘Inspired Education’ or ‘Group’) Tax Strategy defines the standards of conduct regarding taxation across the Group.  Inspired Education is committed to comply with all applicable tax legislation in the countries where it has business operations and/or is liable to taxation.
The Tax Strategy was defined by the in-house tax department of Inspired Education and was approved by the Group CFO.  The tax strategy is subject to annual review and will be updated as appropriate.
This document is published in conformity with the United Kingdon (‘UK’) statutory obligation under Paragraph 16(2) and Schedule 19 of the Finance Act of 2016 and relates to the accounting period ended 31 August 2023.

Approach to tax risk management and tax governance
Inspired Education applies diligence and care in the management of its tax risks.  Ultimate responsibility for Inspired Education’s tax affairs lies with the Board, with this responsibility delegated to the Group CFO.  The Group Tax function reports into the Group CFO and is responsible for the management of Inspired Education’s tax affairs and the setting of tax policies for the Group.  The tax team members have adequate training and skills for the role and complexity of duties they carry out.
Controls and procedures are in place for ensuring that Inspired Education meets its tax compliance obligations.  These controls and procedures are overseen by the Group CFO and reviewed by the Group’s Tax and Finance functions.  Tax risks are monitored by local finance teams and escalated to the Group Tax function and Group CFO as necessary.
When undertaking material transactions, the Group Tax function is consulted or professional tax advice is sought to ensure tax risks are understood and tax compliance obligations are met.

Tax planning
The Group Tax function seeks to support the growth of the business in creating, building and protecting value in a manner consistent with the Tax Strategy.  As such, Inspired Education will seek to utilise tax reliefs, tax incentives, tax treaties and other tax efficient mechanisms to protect shareholder value while acting with integrity and ensuring adherence with tax legislation. 
Tax planning is limited to structuring the Group’s affairs in accordance with all legal and regulatory obligations of the countries in which it operates, including the UK, the outcome being one that reflects the commercial and economic reality of the Group’s activities. 
 
Level of acceptable risk in relation to taxation
Inspired Education is committed to managing tax risks and operates a robust control framework so that tax risks are managed and maintained at an acceptable level.  Where there is uncertainty regarding the application of tax laws, the Group Tax function is consulted or professional tax advice is sought. Material transactions are only implemented if the tax position is supported by robust tax analysis.

Relationship with HMRC and tax authorities
Inspired Education engages with tax authorities with integrity, transparency and honesty.  Inspired Education will aim to resolve any enquiries or disputed matters through transparent discussion and will seek external advice where there are differences on application or interpration of tax laws with tax authorities.
Inspired Education will do this through constructive dialogue with a view to achieve timely resolution.