Tapi Carpets & Floors Tax Strategy

Prepared in accordance with paragraph 16(2) Schedule 19, Finance Act 2016

This tax strategy applies to Tapi Carpets & Floors Limited for the financial year ending 31 December 2025. The company’s principal activity is the retail sale of carpets, flooring and related products across the UK. Tapi’s activities give rise to a number of UK taxes, including Corporation Tax, VAT, PAYE, NIC and Business Rates.

Tax Ownership

Ultimate responsibility for the Tapi’s tax strategy and compliance sits with the Board of Directors. Executive responsibility for day-to-day tax matters is delegated to the Finance Director, who oversees the finance team and ensures that appropriate controls, processes and reviews are in place. Although the Finance Director is not a statutory board director, they are accountable for managing tax matters and escalating any significant issues to the Board.

Approach to Risk

Tapi has a low appetite for tax risk and manages its tax affairs in a prudent and controlled manner. The company aims for certainty in its tax affairs and maintains internal controls designed to ensure the accuracy of tax returns and related financial information. External advisors are engaged whenever transactions are material, complex or outside the expertise of the in-house team. External auditors also provide independent assurance over tax disclosures within the annual accounts.

Tax Planning

Tapi’s approach to tax planning is straightforward and grounded in commercial reality. Business decisions are driven by operational needs, and any tax planning is undertaken only within the boundaries of UK tax law and in line with the spirit and intention of the legislation. Where alternative methods exist to achieve the same commercial outcome, Tapi will choose the most efficient option, provided it is fully compliant and supportable.

Approach to dealings with HMRC

Tapi is committed to maintaining an open and transparent relationship with HMRC. The company provides accurate and timely disclosures in all returns and correspondence and responds to HMRC queries promptly. Where uncertainty exists, the company seeks clarification or advice from HMRC or external advisors at the earliest opportunity.

This strategy is reviewed each year and is published on the Tapi Carpets & Floors Limited website in accordance with legislative requirements.