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Published 06.12.2024
The following information and policy is provided in compliance with the requirements of Finance Act 2016 Schedule 19, Part 2, Paragraph 22(2) in respect of the year ended 31 December 2024. This tax strategy applies to Tropicana Products UK Ltd (Tropicana UK), which is part of the global Tropicana Brands Group business.
1. Introduction
Tropicana UK is a fast-moving, juice-based beverages company and part of the Tropicana Brands Group which is positioned to act as a nimble organization empowered to think boldly and challenge typical boundaries. It is committed to disrupting the juice and smoothies category – inspired by what people want today and what they will thirst for tomorrow – by unleashing a powerhouse of juice heritage and nutrition expertise.
The ultimate goal is to nourish and delight one sip at a time.
2. Policy on Taxation
Tropicana UK tax policy seeks to comply with all relevant UK tax laws and regulations, by aiming to make timely and accurate tax returns that reflect its obligations.
3. Tax risk management and governance
Tropicana UK’s tax function is part of Tropicana Brands Group global tax finance function, and is the ultimate responsibility of the Directors of Tropicana UK. The Tropicana UK tax strategy is reviewed annually and overseen by the Chief Executive Officer, Europe.
In line with Tropicana Brands Group’s global Code of Conduct and its internal control systems, Tropicana UK not only aims to manage tax risk, but also to comply with all applicable food safety laws and regulations, as well as enlisting our suppliers to do the same and work with us on shared ESG goals.
4. Tropicana’s attitude to tax planning:
Tropicana UK is governed not only by an entrepreneurial mindset but also by honesty, integrity, fair dealing and compliance with all applicable laws and regulations. We will consider tax planning as part of the group overall business strategy provided it is based on sound commercial business activity. We will seek to engage external professional advisers if deemed necessary.
5. Relationship with Tax Authorities and HMRC
Tropicana UK aims to have an open, honest, and transparent relationship with HMRC and seeks to attend to all queries in a timely manner. The relationship with tax authorities is governed by Tropicana’s Global Code of Conduct and aim to have an open dialogue in complying with the relevant tax legislations and regulations.