In this organisation, women earn 77.1p for every £1 that men earn when comparing median hourly pay. Their median hourly pay is 22.9% lower than men’s.
Women’s hourly rate is 18.6% lower (mean) and 22.9% lower (median).
Upper salary quartile has 87.7% men and 12.3% women.
Upper middle salary quartile has 89.2% men and 10.8% women,
Lower middle salary quartile has 90.4% men and 9.6% women.
Lower salary quartile has 66.2% men and 33.8% women
In this organisation, women earn 85.6p for every £1 that men earn when comparing median bonus pay. Their median bonus pay is 14.4% lower than men’s.
When comparing mean (average) bonus pay, women’s mean bonus pay is 17.5% lower than men’s.
91.5% of men and 82% of women received bonus pay.
In this organisation, women earn 77.1p for every £1 that men earn when comparing median hourly pay. Their median hourly pay is 22.9% lower than men’s.
Women’s hourly rate is 18.6% lower (mean) and 22.9% lower (median).
Upper salary quartile has 87.7% men and 12.3% women.
Upper middle salary quartile has 89.2% men and 10.8% women,
Lower middle salary quartile has 90.4% men and 9.6% women.
Lower salary quartile has 66.2% men and 33.8% women
In this organisation, women earn 85.6p for every £1 that men earn when comparing median bonus pay. Their median bonus pay is 14.4% lower than men’s.
When comparing mean (average) bonus pay, women’s mean bonus pay is 17.5% lower than men’s.
91.5% of men and 82% of women received bonus pay.
In this organisation, women earn 94.5p for every £1 that men earn when comparing median hourly pay. Their median hourly pay is 5.55% lower than men’s.
Women’s hourly rate is 7.00% lower (mean) and 5.55% lower (median).
Upper salary quartile has 89.17% men and 10.83% women.
Upper middle salary quartile has 92.56% men and 7.44% women,
Lower middle salary quartile has 84.30% men and 15.70% women.
Lower salary quartile has 81.82% men and 18.18% women
In this organisation, women earn 88p for every £1 that men earn when comparing median bonus pay. Their median bonus pay is 11.84% lower than men’s.
When comparing mean (average) bonus pay, women’s mean bonus pay is 4.2% lower than men’s.
88.40% of men and 78.79% of women received bonus pay.
In this organisation, women earn 94.5p for every £1 that men earn when comparing median hourly pay. Their median hourly pay is 5.55% lower than men’s.
Women’s hourly rate is 7.00% lower (mean) and 5.55% lower (median).
Upper salary quartile has 89.17% men and 10.83% women.
Upper middle salary quartile has 92.56% men and 7.44% women,
Lower middle salary quartile has 84.30% men and 15.70% women.
Lower salary quartile has 81.82% men and 18.18% women
In this organisation, women earn 88p for every £1 that men earn when comparing median bonus pay. Their median bonus pay is 11.84% lower than men’s.
When comparing mean (average) bonus pay, women’s mean bonus pay is 4.2% lower than men’s.
88.40% of men and 78.79% of women received bonus pay.
|
The mean gender bonus gap is |
80.28% |
|
The median gender bonus gap is |
14.85% |
|
The mean gender pay gap is |
9.02% |
|
The median gender pay gap is |
13.85% |
|
Pay Quartiles |
Male |
Female |
|
Lower Quartile |
84.21% |
15.79% |
|
Lower Middle Quartile |
82.84% |
17.16% |
|
Upper Middle Quartile |
89.55% |
10.45% |
|
Upper Quartile |
93.28% |
6.72% |
|
Bonus Participation Levels |
|
|
Male |
93.00% |
|
Female |
100.00% |
|
The mean gender bonus gap is |
80.28% |
|
The median gender bonus gap is |
14.85% |
|
The mean gender pay gap is |
9.02% |
|
The median gender pay gap is |
13.85% |
|
Pay Quartiles |
Male |
Female |
|
Lower Quartile |
84.21% |
15.79% |
|
Lower Middle Quartile |
82.84% |
17.16% |
|
Upper Middle Quartile |
89.55% |
10.45% |
|
Upper Quartile |
93.28% |
6.72% |
|
Bonus Participation Levels |
|
|
Male |
93.00% |
|
Female |
100.00% |
Joy Global (UK) Limited is committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group, and our ultimate parent company is Komatsu Limited. Komatsu Limited has its head office in Japan and is listed on the Tokyo Stock Exchange.
We are committed to ensuring there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd for the financial year ending March 31, 2023.
Joy Global (UK) Limited is committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group, and our ultimate parent company is Komatsu Limited. Komatsu Limited has its head office in Japan and is listed on the Tokyo Stock Exchange.
We are committed to ensuring there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd for the financial year ending March 31, 2023.
Joy Global (UK) Limited is committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group, and our ultimate parent company is Komatsu Limited. Komatsu Limited has its head office in Japan and is listed on the Tokyo Stock Exchange.
We are committed to ensuring there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd for the financial year ending March 31, 2022.
Joy Global (UK) Limited is committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group, and our ultimate parent company is Komatsu Limited. Komatsu Limited has its head office in Japan and is listed on the Tokyo Stock Exchange.
We are committed to ensuring there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd for the financial year ending March 31, 2022.
As part of our initiative to identify and mitigate risk we have in place systems to:
During 2022 we will be asking each of our suppliers to report any human rights violations in their organisations or their supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
During 2022 we will be asking each of our suppliers to report any human rights violations in their organisations or their supply chains.
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group and our ultimate parent company is Komatsu Limited. Komatsu Limited has its head office in Japan.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd for the financial year ending March 31, 2020.
BAREND JAKOBUS VAN DER WESTHUIZEN
DIRECTOR
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group and our ultimate parent company is Komatsu Limited. Komatsu Limited has its head office in Japan.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd for the financial year ending March 31, 2020.
BAREND JAKOBUS VAN DER WESTHUIZEN
DIRECTOR
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group and our ultimate parent company is Komatsu Limited. Komatsu Limited. has its head office in Japan.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd. for the financial year ending March 31, 2019.
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group and our ultimate parent company is Komatsu Limited. Komatsu Limited. has its head office in Japan.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd. for the financial year ending March 31, 2019.
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group and our ultimate parent company is Komatsu Limited. Komatsu Limited. has its head office in Japan.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd. for the financial year ending March 31, 2018.
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Komatsu group and our ultimate parent company is Komatsu Limited. Komatsu Limited. has its head office in Japan.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd. for the financial year ending March 31, 2018.
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Joy Global group and our ultimate parent company is Joy Global Inc. Joy Global Inc. has its head office in Milwaukee, Wisconsin USA.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
Further, the Company has initiated a process to monitor potential risk areas in our supply chains, including requiring all suppliers to annually report any human rights violations in their organizations or in their own supply chains. This rolled out in January 2017.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd.
Joy Global (UK) Ltd. are committed to improving our practices to combat slavery and human trafficking, and the responsible sourcing of all materials used in our products. To comply with this commitment as well as with the requirements of the Modern Slavery Act 2015, we must determine whether there is any slavery or human trafficking in our manufacturing supply chain.
We are a manufacturer and seller of mining equipment to customers worldwide. We are a part of the Joy Global group and our ultimate parent company is Joy Global Inc. Joy Global Inc. has its head office in Milwaukee, Wisconsin USA.
We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
As part of our initiative to identify and mitigate risk we have in place systems to:
Further, the Company has initiated a process to monitor potential risk areas in our supply chains, including requiring all suppliers to annually report any human rights violations in their organizations or in their own supply chains. This rolled out in January 2017.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
Following a review of the effectiveness of the steps we have taken this year to ensure that there is no slavery or human trafficking in our supply chains we intend to take further steps to combat slavery and human trafficking as are necessary.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of Joy Global (UK) Ltd.
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2024.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2024.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2023.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2023.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2022.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2022.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2021.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2021.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Requirement to publish a tax strategy under Sch 19 (2) FA 2016:
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2020.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2020.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2019.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK, details of which are set out in the Appendix to this document (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2019.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2018.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.
Main businesses of Komatsu group “Komatsu” consist of manufacture, sale and service of construction, mining and utility equipment, forest machines and industrial machinery. Its headquartered company is Komatsu Ltd. Listed on the Tokyo Stock Exchange. Komatsu activities in the United Kingdom include manufacturing, distributing and servicing the above-mentioned machinery in the construction, mining and forestry sectors.
This UK tax strategy statement (the “Strategy”) sets out our approach to UK taxation and applies to all our entities, subgroups and permanent establishments in the UK (collectively “we”, “our” or the “UK Entities”). Our publication is regarded as complying with the obligation under Part 2 of Schedule 19 of Finance Act 2016 in respect of the period ending 31 March 2018.
The Strategy is aligned with the “KOMATSU Way” which is a written description of the company’s mind-set, values and beliefs. The KOMATSU Way is accompanied by Komatsu's Worldwide Code of Business Conduct (the “Code”). Our commitment to complying with the Code is not limited to laws and regulations but also those rules that are generally recognised and respected in society.
The Strategy is approved by the Boards or respective managements of all of the UK Entities and has been developed with the support and oversight of the International Taxation Group of Corporate Controlling Department in our head office in Tokyo.
The UK Entities are governed and managed independently of each other and have distinct Boards and management teams. They vary in size and complexity and as such, and the tax governance and risk management framework for each UK Entity is tailored accordingly. In all cases, however, there are appropriate Board oversight and effective channels for the monitoring and escalation of tax risks.
Our UK tax compliance obligations are delivered by a combination of in-house staff and professional advisors. In the case of complex technical matters or areas that require international co-ordination (such as transfer pricing), the UK Entities can also draw on specialist expertise of their respective divisions internationally or the International Taxation Group of Corporate Controlling Department in Tokyo. Staff training is tailored to meet the respective needs of the UK Entities and we maintain close relationships with advisors to ensure that we are up to date with applicable changes in tax law.
We believe that our corporate value is represented by the total sum of trust society and our stakeholders place in Komatsu. As such, we do not pursue aggressive tax strategies or artificial planning arrangements that could undermine that trust. We seek to minimise tax risks and prioritise compliance. Our intercompany transactions are made on an arm’s length basis in line with OECD principles.
Our UK Entities seek to maintain a collaborative, transparent and honest relationship with HMRC. In the rare cases where disagreements arise, we appropriately defend our positions which we believe to be correct. However, we will also invest the time and effort required to help HMRC better understand our business and the associated tax profile.