Legal Notices and Policies

Leyland Trucks Tax Strategy

Scope

This strategy applies to the group of companies headed by PACCAR Trucks UK Ltd in accordance with paragraph 19 of Schedule 19 to the Finance Act 2016.  A list of the entities to which it applies is set out below.  In this strategy, references to ‘Leyland Trucks’ or ‘the group’ are to all these entities.

This strategy applies from the date of publication until it is superseded.  References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax.  References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which Leyland Trucks has legal responsibilities.

Objectives

Leyland Trucks is committed to conduct its tax affairs in a way which is consistent with the PACCAR Principles of Conduct, namely: PACCAR conducts business so as to reflect the highest ethical standards, fulfil our legal obligations, and meet our social responsibilities.  We strive to gain the favourable regard of customers, shareholders, employees, governments, and the general public through superior performance and effective communications. Over the years PACCAR, through its commitment to integrity and honesty demonstrated by PACCAR’s directors, officers and employees, has earned a reputation for adhering to the law and maintaining the highest level of honest and ethical conduct.

Risk Management

Leyland Trucks operates a system of tax risk assessment and controls as part of the overall internal control framework which is in place and compliant with SOX regulations.  The ongoing management of this framework is the responsibility of the Leyland Trucks Internal Control Co-ordinator and regularly reviewed by the Leyland Trucks Controller.

Leyland Trucks takes diligent professional care and judgment when assessing tax risks and seeks to reduce the level of tax risk arising from its operations as far as is reasonably practicable by ensuring the processes which could materially affect its compliance with tax obligations are well controlled.

Appropriate training is carried out for staff who manage or process matters which have tax implications.  Where there is uncertainty as to the application or interpretation of tax law, appropriate advice is taken from third party advisors.

Attitude towards tax planning and level of risk

Leyland Trucks’ attitude to tax planning is consistent with the PACCAR Principles of Conduct set out above.  When entering into commercial transactions, Leyland Trucks will use incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation.  It will not use them for purposes which are knowingly contradictory to the intent of the legislation.

The level of risk which Leyland Trucks accepts in relation to UK taxation is kept low by performing an assessment of tax risks with reference to the potential impact and likelihood of each risk.  Appropriate controls or risk responses are then applied to each risk in order to maintain a low risk environment.  At all times Leyland Trucks seeks to comply fully with its regulatory and other obligations.  Leyland Trucks acts in a way which upholds its corporate reputation.

Relationship with HMRC

Leyland Trucks is committed to the principles of openness and transparency in dealing with HMRC.

When appropriate, Leyland Trucks ensures that HMRC is kept aware of significant transactions and changes in its business and seeks to engage in early dialogue with HMRC on any tax issues that arise.

When submitting tax computations and returns to HMRC, Leyland Trucks commits to make fair, accurate and timely disclosure, and respond to queries and information requests in a timely fashion.  Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified. 

List of entities covered by this Tax Strategy
• PACCAR Trucks UK Ltd
• PACCAR Parts UK Ltd
• Leyland Trucks Ltd 

 

Leyland Trucks

Gender Pay Gap Report

Leyland Trucks is committed to providing equal opportunities as outlined in our Equal Opportunities Policy and demonstrated once again in this years’ gender pay gap reporting.   Operating with a diverse and inclusive workforce is an important factor in achieving our business goals.  Entry, progression and development within the Company are determined through objective criteria and personal merit.  As part of our commitment to these principles, we will continue to review and monitor, ensuring our employment policies and practices are fair to all.

Brennan Gourdie - Managing Director

Gender Pay Gap  

   2017  2018
 Mean gender pay gap in hourly pay  - 1%  1%
 Median gender pay gap in hourly pay  - 2%  -2%
 Mean bonus gender pay gap  16%  31%
 Median bonus gender pay gap  - 42%  - 6%
   Male Female  Male  Female 
 Proportion of males and females receiving a bonus payment    1% 1%  1%  1% 
 Proportion of males and females in each pay quartile:
     
 Upper quartile  92%  8% 91% 9%
 Upper middle quartile  90%  10%  92%  8%
 Lower middle quartile  97%  3%  94%  6%
 Lower quartile   88%  12%  88%  12%