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BERICAP UK Tax Strategy –
Period ending 31 December 2017

In compliance with section 161 and paragraph 19(2) of schedule 19 Finance Act 2016, BERICAP UK Limited is publishing its UK tax strategy for the year ending 31 December 2017. BERICAP UK Limited is a sole UK company, part of the wider BERICAP group, headquartered in Germany.
 
The BERICAP UK overall tax strategy is to:
  • Comply with all applicable tax laws, rules, regulations, reporting and disclosure requirements;
  • Act independently whilst remaining consistent with the BERICAP group’s strategy and mission;
  • Use incentives and reliefs to minimise the tax costs of conducting its business activities, but not for purposes which are contradictory to the intent of applicable regulations;
  • To consider tax impacts as part of decision making processes;
  • Apply professional diligence and care in the management of all risks associated with tax matters, and employ appropriate governance and assurance procedures.
Risk management
BERICAP UK Limited has a finance team which takes responsibility for the company’s tax processes, reporting to the company’s finance director. The finance team engage professional tax advisors to ensure that the company meets its compliance and filing obligations.
The BERICAP group have a head office finance function based in Germany. The group has a decentralised operating model and accordingly the UK finance team act with autonomy in relation to tax risk management, but will refer to this group team, including the group finance director where there are tax matters of a group wide significance beyond UK-only compliance considerations.
The finance team will also use professional tax advisors to advise on other specialist tax matters, as and when required. This ensures that the company is provided with the specialist advice necessary to meet its UK tax compliance obligations, and enables the company to identify and manage tax risk.

Attitude towards risk

BERICAP UK Limited’s appetite for tax risk is low and it sees compliance with tax legislation as key to managing its tax risk. The company has processes in place to evaluate tax risks as part of its decision making processes. Potential areas of tax risk are identified by the company finance team and/or professional tax advisors during the course of the tax accounting processes. Any areas identified are taken into consideration in the conclusion of wider business decisions.

Tax planning

BERICAP UK Limited does not undertake tax planning. It uses the assistance of its advisors solely for meeting its compliance obligations in accordance with the law, and advising on available reliefs. It will claim available allowances, deductions, reliefs, incentives, exemptions and credits where it is beneficial to do so, in line with the intended purpose of such reliefs.

Relationship with HM Revenue & Customs (HMRC)

BERICAP UK Limited aims to have an open and professional relationship at all times with HMRC. It uses its professional tax advisors as agents in relation to corporation tax, who deal with HMRC on the Company’s behalf. The Company does not have a Customer Relationship Manager at HMRC and is not subject to the Business Risk Review process or risk rating. If the company were subject to this process, then the company would seek to achieve a ‘low risk’ rating.
It is the company’s policy and practice to make fair, accurate and timely disclosure in correspondence and returns, and to respond to queries and information requests in a timely fashion.

Bericap UK Ltd
Modern Slavery and Human Trafficking Statement

Introduction

This Modern Slavery and Human Trafficking Statement relates to actions and activities of Bericap UK Ltd. during the financial year ending 31st December 2018.

Bericap UK Limited is committed to preventing slavery and human trafficking in our business activities and within our supply chain.

We recognize our duty to be alert to risks, however small. We expect our Staff, contractors, suppliers, customers and other business partners to report any concerns and for Bericap management to act upon them.

Organisational structure and supply chains

Bericap UK Ltd. Is a wholly owned subsidiary of the German private family-owned Bericap Group engaged in the manufacture of caps and closures for the purpose of packaging of customer products. We provide direct employment to around 180 employees

Our supply chain and activities are principally based in the UK and EU. For residual activities outside these geographies, we use Bericap Group Agents and approved suppliers deemed to be Ethical in their activities by our owners

We monitor and measure supplier compliance through supplier approval and audit processes.

Bericap UK Ltd is a member of the Supplier Ethical Data Exchange (SEDEX) and we assess our Suppliers using these standards with regards to treatment of workers, child labour, legal compliance, discrimination and health & safety.

Responsibilities & Policies

The Managing Director, with the support of the Board of Directors, and the site Senior Management Team are responsible for ensuring that this Statement is up to date and accurately reflects the Company’s actions to tackle slavery and human trafficking,

The Company Secretary with the Personnel department are responsible for introducing policies and their adoption.

The Supply Chain team with the support of the Quality department are responsible for the assessing of supplier’s systems and controls to tackle slavery and human trafficking.

The Bericap UK Ltd. Ethical Trading Policy outlines our commitment and expectations regarding our business relationships.


Due Diligence Processes for Slavery and Human Trafficking

Bericap UK Ltd. understand the risk of modern slavery taking place within our supply chain. We take a risk-based approach to our selection of suppliers, of which ethical trading is an important part of the process.

Our supplier audit programme allows us the opportunity to periodically assess the working conditions of our key suppliers and verify that relevant policies are being adhered to. This includes our own agency staff suppliers.

During 2018;
  • we will reassess the training needs of our employees engaged in procurement of products and services in relation to our Ethical Trading Policy.
  • we will determine if a supplier code of conduct would be an effective addition to our supplier compliance requirements.


This Modern Slavery and Human Trafficking Statement will be regularly reviewed and updated as necessary. The Bericap UK Ltd. Board of Directors endorses this policy statement and is fully committed to its implementation.

This Modern Slavery and Human Trafficking Statement has been approved and authorised by the Bericap UK Limited board of Directors on 27th April 2018


Name: Bruce Margetts
Position: Managing Director

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