OneWeb Satellite Services Tax Strategy and Compliance Approach

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OneWeb Satellite Services Tax Strategy and Compliance Approach

Group Business Strategy and Tax Objectives

OneWeb Satellite Services, represented by OneWeb Holdings Ltd, is dedicated to upholding compliance with tax laws across the UK and globally. The Group prioritizes maintaining tax affairs in good order and minimizing uncertainties, recognizing the significance of taxation in commercial transactions.

Managing Tax Risk

The Group employs a robust risk management framework to oversee tax risks effectively. Major transactions undergo thorough reviews by the Group Tax team and external advisors to ensure tax implications are adequately assessed and documented.

Level of Risk

While acknowledging the impossibility of complete tax treatment certainty, the Group does not engage in speculative tax positions or high-risk practices. External advice is sought in cases of material uncertainty, guaranteeing informed decision-making.

Attitude to Tax Planning

Tax structuring aligns with broader business strategies at OneWeb Satellite Services, with tax efficiency as a key consideration. The Group denounces tax evasion, refrains from artificial arrangements for tax benefits, and strives for full compliance with statutory obligations.

Interaction with Tax Authorities

OneWeb Satellite Services fosters transparent and constructive relationships with tax authorities. In instances of differing interpretations of tax law, cooperative resolution approaches are employed to ensure alignment and compliance.

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