Tax Strategy

This strategy is prepared by Evolve B G Holdings Limited and sets out its approach and that of all of its subsidiaries (collectively, the “Group”) to managing the tax affairs of the Group.

The Evolve Group includes Evolve B G Holdings Limited and its direct and indirect subsidiaries: Evolve B G Limited, Evolve B G Inc. and Evolve B G GmbH.

The Group operates in the telecommunications industry, as managed network solutions specialists offering proactive and human-centric digital solutions focusing on four key areas: Business Connectivity, Guest Wi-Fi, SD-WAN and IT Support. This strategy complies with paragraph 16 of Schedule 19 of Finance Act 2016 and relates to the financial year ended 31 January 2026.

Primary Objectives

The primary objectives of our group tax strategy are as follows:

  • Acting with integrity and transparency in all tax matters.
  • Following applicable laws and regulations relating to tax.
  • Working with HMRC in a collaborative and timely manner.
  • Continuously improving and operating appropriate internal governance processes and procedures to enable the effective management of tax risks, completion of timely and accurate tax returns and the making of timely tax payments.

Approach to Tax Risk

The approach of the Group to tax risk management and governance arrangements is as outlined below:

  • The Group maintains compliance with all relevant statutory and legal obligations by identifying and mitigating tax risks through a structured governance framework.
  • The Group actively considers the tax implications of all significant business decisions. The Group maintains a consistent focus on achieving longterm organic growth.
  • The Group finance team consists of suitably qualified and experienced staff.
  • The members of the group finance team carry out their roles and responsibilities in accordance with the Professional Rules and Practice Guidelines as required by the professional bodies of which they are members.
  • The Group uses professional advisors to assist with tax compliance and provide specialist external advice as required.
  • The Group’s finance team works closely with the rest of the business to ensure that its internal controls and processes are robust.
  • Regular reports are provided to the Board on any non-routine or significant tax matters or developments affecting the Group.
  • The Group’s finance team is kept up to date of relevant tax changes through regular dialogue with external advisors.
  • Ultimate responsibility for tax rests with the Group’s Chief Financial Officer.

Attitude to Tax Planning

The attitude of the Group towards tax planning is outlined below:

  • Tax evasion in any form either by knowingly not declaring income or inaccurately declaring income or expenditure is unacceptable. This policy applies to all employees of the Group, in accordance with the UK rules on the corporate criminal offence of failing to prevent the facilitation of tax evasion.
  • Any tax planning considered by the Group is reviewed in conjunction with external advisors in the light of the Group’s obligations as a responsible UK taxpayer. The Group does not engage in tax planning that is in any way considered artificial or contrary to the purpose of relevant tax legislation.

Tax Risk

The level of risk of taxation the Group is prepared to accept is outlined below:

  • The Group has a low risk, high compliance attitude to tax, recognising the value this drives for shareholders. The tax strategy protects shareholder value in terms of the overall tax burden and cash flows in a manner consistent with the Group’s obligations as a responsible UK tax payer.

Working with HMRC

The approach of the Group towards its dealings with HMRC is outlined below:

  • The Group actively works in partnership with HMRC through its finance team and professional advisors in order to ensure that it meets all its relevant statutory and legal obligations.
  • The Group will continue to disclose all relevant matters to HMRC in line with its policy and continually seek to make improvements to its systems and processes.
  • Where necessary, the Group will seek HMRC’s formal or informal clearance on notified tax issues.
  • The Group encourages and maintains a pro-active transparent and constructive working relationship with HMRC in relation to all current, future and retrospective tax matters.

Review and approval

The strategy has been reviewed and approved by the Board of Directors of Evolve B G Holdings Limited.