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We have been awarded the Fair Tax Mark

11 March 19

We have been awarded the Fair Tax Mark

We are proud to announce that we have secured the Fair Tax Mark accreditation.

The Fair Tax Mark is an independent, not for profit community benefit society. The certification scheme was launched in 2014 and seeks to encourage and recognise organisations that pay the right amount of corporation tax, at the right time and in the right place.

Paul Monaghan, Chief Executive, Fair Tax Mark said:

We are pleased to announce the Fair Tax Mark certification of Affinity Water and their parent Daiwater Investment Ltd – who have worked really hard over the past year to build and demonstrate their responsible tax conduct. At a time when the public is growing used to headlines about big corporates shifting profits to tax havens and minimising the contributions they make to the public purse, it’s refreshing to see a business that is proud to say what they pay.

It’s particularly heartening to see that a small but increasing number of utilities companies are taking these issues more seriously and leading the way on tax. Many aspects of utilities provision are natural monopolies, with customers having little choice as to who supplies them. This brings with it significant profit opportunities for business, but also the responsibility to pay a fair share of tax on those profits.

Stuart Ledger Chief Financial Officer, Affinity Water, said:

We are really pleased to have been awarded the Fair Tax Mark certification, meeting the very high standard required to achieve this accreditation. As a community-focused company, we understand the expectations of customers and stakeholders to pay our fair share of tax. Today’s award recognises this, and the steps we have taken to improve the transparency of our tax affairs. It is good corporate responsibility to operate in this way. Our activities are and have always been fully taxable in the UK.

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