TMEIC Europe Limited (“the Company”) is a UK entity. It is a wholly-owned subsidiary of Toshiba Mitsubishi-Electric Industrial Systems Corporation (“TMEIC”) which is incorporated in Japan.
This document has been reviewed for the year ending 31 March 2020 and prepared in accordance with the Finance Act of 2016.
The ultimate parent company, TMEIC, is committed to fulfilling its obligations in terms of management of and compliance with tax responsibilities.
Tax Risk Management and Governance
Our overall tax strategy is to comply with all legal requirements including all appropriate tax returns and payments. We will continue to maintain clear tax management practices to achieve this goal both in the short and long term.
Where appropriate, the Company utilises available incentives and reliefs within the UK Tax legislation.
The Board of the Company has ultimate responsibility for the governance of its tax affairs. The Board understands the importance of tax compliance and meeting those obligations. The finance staff manage the tax processes and take appropriate advice from industry professional when necessary.
We strive to ensure that all decisions are made at an appropriate level, with diligent professional care and judgement.
Attitude towards tax risk
The Company aims to be fully compliant with the law and does not use any artificial tax planning opportunities which would affect the presentation of our profit.
Relationship with HMRC
The Company has an open working relationship with HMRC and manages its tax affairs responsibly and transparently.
*This information is published for and on behalf of the subsidiary in the UK in our group with the duties under Schedule 19 to the Finance Act of 2016.
TMEIC Europe Limited is a company registered in England and Wales with:
Company number 5952545 and VAT No GB 886 1631 95
Registered Address : TMEIC Europe Limited, 20 Farringdon Street, London, United Kingdom EC4A 4AB