FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2024
This document is published in accordance with the requirements under Part 2 of Schedule 19 of the Finance Act 2016 for the financial year ended December 31, 2024.
Introduction
This document outlines the approach to tax strategy, tax risk, and planning for the UK
subsidiaries and affiliates within the Savvy Games Group, and is meant to cover all applicable taxes for the UK sub-groups, including corporate tax, payroll taxes, and VAT. This strategy is reviewed and approved by authorized representatives.
Risk Management and Governance
As outlined in our Code of Conduct & relevant policies, the Group expects Concerned Persons to exercise independent professional judgment and to deter wrongdoing in the conduct of all duties and responsibilities on behalf of the Group. All Concerned Persons have a responsibility to understand and follow the laws, regulations and internal policies that apply to the principles of conduct and to their business activities. In addition, all Concerned Persons are expected to perform their work with honesty and integrity in any areas not specifically addressed by the Code.
Adherence to faithfulness and uprightness entails practicing exemplary moral values. It is incumbent upon the Group and all Concerned Persons to fulfill their professional obligations with utmost loyalty, impartiality, neutrality, and accountability, while ensuring compliance with the applicable laws and regulations governing the Group.
Accordingly, the Group and its employees are committed to not only complying with all applicable laws and regulations but also going above and beyond these standards to conduct our business in an honest and ethical manner wherever operations are maintained.
This level of standard in the Code of Conduct & relevant policies is applied to our approach in managing tax risk and governance in the UK, and in all jurisdictions where the Group operates. We diligently monitor applicable tax laws and regulations to ensure that UK tax is paid appropriately and timely, tax reporting and disclosure requirements are met, and that tax risk is minimized. Due to the complexity and constant changes in global tax, we manage tax risks and uncertainty internally, but we also seek guidance from outside advisors to inform our decision making and strategy. Key tax decisions are made at the appropriate levels and in consultation with senior leadership.
Tax Planning
Our focus is to ensure compliance with applicable laws in keeping with our Code of Conduct & relevant policies, and that tax planning aligns with the natural state of business expansion and operating objectives. We will apply to take benefit of tax incentives introduced by governments to stimulate investment where we meet the necessary business and economic requirements. We seek guidance from external advisors as appropriate to navigate complex tax rules and minimize uncertainty in interpretation.
Level of Tax Risk
The UK sub-groups are part of a much larger global tax group, and therefore the level of tax risk is assessed as a global organization. The Group is focused on proactively assessing the relevancy and applicability of tax legislation to maintain low levels of tax risk or uncertainty of tax positions. External tax advisors are consulted as needed.
Engaging with HMRC
The UK sub-groups aim to have a professional, transparent, and collaborative relationship with the HMRC on all tax matters.
