The QR Group is a five-star award-winning, world-class airline, operating to more than 167 destinations from its hub at the Hamad International Airport in Doha, Qatar, a five-star airport.
The QR Group also owns two hotels in UK under its hospitality division, Dhiafatina Hotels, i.e. Sheraton Skyline and Novotel Edinburgh Park. The QR Group is committed to conducting its business in accordance with the highest standards of ethics and integrity, which is underscored by QR Group’s core values of honesty, loyalty and excellence.
The QR Group’s policy is to comply with all relevant laws, rules, regulations, reporting and disclosure requirements in all of the territories in which we operate, including UK, in accordance with the QR Group’s Code of Business Conduct.
Overall responsibility for the governance and management of taxation lies with the Chief Financial Officer. Board of Directors are updated on significant changes to taxation regimes and rules.
Operational responsibility for tax compliance, risk management and general tax matters is within the scope of the central tax team. Where required, the QR Group engages external experts to advise the QR Group on tax compliance, representation, filing returns and timely payment of taxes.
The QR Group approaches all tax costs and risks on a conservative basis. It is in compliance with this basis that commercial decisions, the use of available tax incentives and reliefs where appropriate are considered for implementation.
Tax planning is considered in the most conservative manner and always implemented in conjunction with the advice of external independent advisors.
We engage with tax authorities, including HMRC, responsibly in a transparent manner, with full integrity, respect and in the spirit of cooperation.
Our approach to interpreting ambiguous tax clauses is to seek clarity and guidance by engaging with the relevant authorities and consulting with external independent experts in a proactive manner.
On tax issues that are material to the QR Group, the QR Group engages in discussions with government and other relevant industry bodies.
The QR Group’s approach to tax risk management is to take the most conservative approach across the board on both specific and general items of tax.
Given the scale and global nature of the QR Group’s business and volume of tax obligations, risks arise from time to time in relation to the interpretation of tax law and the nature of our compliance arrangements. In all such cases, the QR Group adheres strictly to the most practical and conservative approach to interpreting the law to avoid any aggressive or debatable interpretations. However, where there is significant uncertainty or complexity in relation to a risk, professional advice is obtained from suitably qualified external advisors, and, where appropriate, pre-clearance is sought from tax authorities.
Any transactions with significant financial or reputational risk require the approval of the QR Group’s senior management.
This statement is in accordance with Schedule 19 of the UK Finance Act 2016.