The Go-Ahead Group is the first FTSE 350 company to be awarded the Fair Tax Mark, label for good companies that are open about tax affairs and seek to pay the right amount of corporation tax at the right time and in the right place.
Meeting the Fair Tax Mark criteria has required improvements to the Group’s accounting disclosures to better explain its tax position as well as a public statement of the Group’s tax policy. The result is more information on tax due and paid in the Group’s financial statements and proof for the public that they can rely on this company to not take part in the types of abusive tax activity that have caused concern to so many people in recent years.
Go-Ahead Group Chief Executive, David Brown, said:
‘As a socially responsible organisation, transparency and openness are important to us, so we are pleased to be recognised by being the first in the FTSE 350 to be awarded the Fair Tax Mark.
Meesha Nehru from the Fair Tax Mark said:
‘The team at Go-Ahead showed real commitment to this exercise, adopted a new group tax policy that best reflected their current practice and revised the way they present tax data in their accounts to provide information that met the Fair Tax Mark criteria. This has put them way ahead of the pack, and we’re delighted to recognise that fact.’
The Fair Tax Mark is an independent accreditation process that enables companies to make a public declaration regarding their corporation tax position. The Fair Tax Mark empowers consumers who want to identify organisations that are taking a responsible approach to tax and making a fair contribution to society. The Mark is awarded following a review of the company's accounts and web site and focuses both on corporation tax paid and on the content and clarity of the taxation statements in the publicly available accounts.
Go-Ahead is a leading UK public transport operator, providing high quality services in the bus and rail sectors. Employing around 26,000 people acorss the country, over one billion passenger journeys are undertaken on our services each year. We are committed to operating our companies in a safe, socially and environmentally responsible way and are proud to have been accredited with triple Carbon Trust Standard for reductions in carbon, water and waste. In addition to the travelling public, or customers include the Department for Transport, Transport for London (TfL) and local authorities.