Tax Strategy

Richardson Milling (UK) Limited

This document outlines the tax strategy and approach for Richardson Milling (UK) Limited. Richardson

Milling (UK) Limited regards this publication as complying with the requirements of Schedule 19 of

Finance Act 2016.

Our approach to tax strategy aligns with the values and beliefs of our business. We act with honesty,

integrity and fairness to ensure that we comply with all tax laws, rules and regulations.

Tax Risk and Governance

We recognize that tax risks will inevitably arise from time to time in our business due to

uncertainty with regards to tax law and interpretations. We manage this risk through our own

research and by consulting external advisors for technical expertise when necessary in order to

keep any risk to a minimal level.

Compliance with tax regulations is one of the key responsibilities of the board, and as such, the

Finance Director is responsible for advising the other board members of key tax issues that

arise.

Tax Planning

In order to satisfy our responsibility to the shareholders to minimize costs, we utilize tax reliefs

available to us in the manner in which they were intended to be used. We are a responsible

taxpayer and would not enter into planning arrangements which would not comply with

applicable laws.

Relationship with Tax Authorities

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

proactive in all dealings with HMRC. It is important to us to maintain a positive working

relationship.