UK Tax Strategy
Introduction to Informatica’s Tax Strategy
Informatica specializes in enterprise cloud data management and offers a wide variety of product solutions focused primarily on data management, cloud services, data quality and data integration.
The tax policy of Informatica Software Limited and Informatica Development Limited (the “UK Entities”) is to pay the correct amount of tax, on a timely basis, to the relevant taxing authority. This policy applies in accordance with its responsibilities under Schedule 19 of the Finance Act 2016.
Tax Governance and Risk Management
Informatica employs an experienced global tax team, primarily based in the US and India under the Vice President of Tax. Our global tax team is part of the finance function reporting to the Chief Accounting Officer.
The tax team is accountable for day-to-day management of tax matters, unless accountability is elsewhere. Any decisions to be made in respect of uncertain tax issues will be subject to diligent professional care and judgement by the tax team. Typically, local management is consulted. If situations arise where the level of uncertainty is high, the tax team may engage outside advisors to help evaluate the risks.
The Informatica Audit Committee of the Board of Directors receive updates as to material changes in tax legislation that may impact the organization as well as details of uncertain tax positions.
Tax Strategy Planning
We seek to structure our affairs in the UK based on sound commercial principles and in accordance with relevant tax legislation.
The tax strategy of the UK Entities is to comply fully and with the highest integrity with UK tax laws and align our tax planning with business objectives to create and protect economic value in a tax efficient manner. Any tax planning undertaken by the UK Entities seeks to reflect the commercial realities of our business operations. We advise business divisions to ensure they are supported and informed of potential tax costs, benefits and risks of proposed transactions and ensure we meet UK tax filing requirements.
We are committed to conduct our tax affairs to the highest standards and in line with the Informatica code of conduct and to comply with all applicable anti-bribery, money laundering and anti-tax evasion legislation. We foster an open, honest and constructive relationship with tax authorities whom we deal with. We strive to ensure that all filing positions are supported by strong technical grounds and, where clear, in the spirit of what the law is understood to have intended. Informatica does not engage in tax planning that lacks an independent business purpose. We will however, claim properly available allowances, deductions, reliefs, credits and incentives in conjunction with our tax strategy.
Relationship with HMRC
The UK Entities engage with taxing authorities, including HM Revenue and Customs (HMRC) in a co-operative and complaint manner. We seek to make full and accurate disclosures in tax returns and in all correspondence with HMRC. The UK Entities will seek to resolve any disputed matters through pro-active and transparent discussion with HMRC.
