MC 478 Limited – Group Tax Strategy

Published under Schedule 19 Finance Act 2016. This strategy applies to the year ending 2024 and will remain in place for subsequent periods unless amended by the Board.

MC 478 Limited and its subsidiaries are committed to responsible and transparent tax practices. This strategy applies to the following companies within the Group:

• Mon Motors Limited
• J.D. Cleverly Limited
• Cwmbran Motors Limited
• Motor Services (Bath) Limited

It covers all relevant UK taxes, including corporation tax, VAT, employment taxes, and stamp duty.

Governance and Risk Management 

The Group’s tax strategy is reviewed and approved annually by the Board of Directors. Responsibility for implementing and overseeing the strategy sits with the Senior Accounting Officer.

We maintain a tax risk register that is reviewed at least annually and updated as required. This framework helps us identify, assess, and mitigate tax risks in a consistent and proportionate way.

Attitude to Tax Risk and Tax Planning

The Group has a low tolerance for tax risk.

• We seek to pay the right amount of tax at the right time
• We do not engage in aggressive or artificial tax arrangements
• All tax planning must reflect genuine commercial activity and business purpose
• We seek external professional advice where necessary to ensure compliance with UK tax law

Relationship with HMRC

We are committed to maintaining an open, transparent, and professional relationship with HMRC.

• All tax filings and payments are made on time and with full disclosure
• Our finance team communicates directly with HMRC where clarification is needed
• If errors or uncertainties arise, we disclose them promptly and work with HMRC to resolve them

Ongoing Commitment

This tax strategy will continue to apply to future financial years unless updated by the Board.