Tax Strategy

This tax strategy has been prepared and published in accordance with paragraph 16 (2), Schedule 19, Finance Act 2016, on behalf of Janus International Europe HOLDINGS Ltd and all UK tax resident entities in the Janus International Europe HOLDINGS Group. This tax strategy is effective from 1 January 2024 and will remain effective until any amendments are approved by the Board.

Being a responsible taxpayer

Janus International Europe HOLDINGS Ltd recognises that paying taxes arising from its activities is an important part of how it supports the communities in which it operates. The Group makes contributions to the tax revenues of governments in the territories in which it operates. For example, the Group’s tax contribution extends beyond corporation tax and income tax and includes the payment of employer social security contributions.

Our commitment is to:

• Meet all legal requirements, filing all appropriate tax returns and making tax payments accurately and on time.
• Ensuring our tax strategy is consistent with the Group’s overall strategy and approach to risk.
• Act in a manner which upholds our reputation as a responsible corporate citizen.

Tax governance

Janus International Europe HOLDINGS Ltd has clear tax policies, procedures and controls in place.

The Chief Financial Officer (CFO) is responsible for the implementation of the Group’s tax strategy and supporting tax policies. Members of the Finance Team are experienced with appropriate professional qualifications and experience which reflect the responsibilities required for their roles and where any individual specialism is required relevant experts will be engaged.

Tax risk appetite

The Group adopts a low-risk approach to tax matters seeking to minimise tax risk to an acceptable level as determined by the Board and in line with parent company policies.  The aim is to ensure full compliance with all statutory obligations and attempt to minimise risk wherever possible. 

Janus International Europe HOLDINGS Ltd does not tolerate tax evasion or the facilitation of tax evasion and as such applies procedures and controls which seek to prevent any person acting on its behalf from facilitating tax evasion.  Tax planning not pursued under any aggressive framework and is instead driven by commercial rationale.

Managing tax risk

There are a number of factors that affect the Group’s tax risk, and these arise both internally and externally and our ability to control these factors varies and its internal Finance Team and nominated technical advisers work to minimise these risks to an acceptable level. For example:

• When new or changed legislation is announced, the impact on the Group is assessed and active measures are taken to ensure there are adequate processes in place to comply with any change.
• Tax risks in relation to compliance and reporting are managed by meeting periodically with professional advisers and/or tax authorities to both keep up to date with any changes that would necessitate any systems or process updates.
• Training is ongoing for relevant employees to ensure adherence to tax legislation and the Group’s tax strategy.
• In particular procedures and controls to prevent tax evasion include having a Corporate Criminal Offence (CCO) Policy in place, whereby a CCO risk assessment has been undertaken and ongoing training is provided to all relevant employees.
• Any identified tax risks are included in the Group Risk Register as part of Janus International Europe HOLDINGS’ Group-wide approach to risk management.

Interaction with tax authorities

Janus International Europe HOLDINGS’ approach to its tax affairs is committed to the principles of openness and transparency in dealing with the tax authorities. 

• We engage with the tax authorities in a cooperative and professional manner, ensuring that all information provided is accurate and complete.
• In the case of any disputes, we aim to resolve issues through proactive dialogue and negotiation.
• We liaise with the authorities in an appropriate frequency or as necessary.

Interaction with advisors

Janus International Europe HOLDINGS will interact and engage professional advisors as necessary to ensure proper and adequate oversight to any areas needing specialist advice.  The scope and scale are based on any individual circumstances and complexities prevalent in any given scenario.

Review and Update

The tax strategy is reviewed annually, and any necessary amendments approved by the Board for any significant changes in the business or tax legislation or parent company tax planning objectives.