{"id":21524,"date":"2025-03-03T11:25:28","date_gmt":"2025-03-03T17:25:28","guid":{"rendered":"https:\/\/www.bbrown.com\/uk-tax-strategy\/"},"modified":"2025-07-22T09:00:31","modified_gmt":"2025-07-22T14:00:31","slug":"uk-tax-strategy","status":"publish","type":"page","link":"https:\/\/www.bbrown.com\/uk\/uk-tax-strategy\/","title":{"rendered":"UK Tax Strategy 2025"},"content":{"rendered":"

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\n UK Tax Strategy 2025\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_section][vc_row][vc_column][vc_column_text css=””]Brown & Brown Inc. & Subsidiaries <\/strong>
\nUK Tax Strategy 2025<\/strong><\/p>\n

Brown & Brown, Inc. & Subsidiaries (\u201cthe Group\u201d) regards the publication of this UK tax strategy as
\ncomplying with its duty under paragraph 16(2) of Schedule 19 of the Finance Act 2016 to publish its
\nUnited Kingdom (\u201cUK\u201d) tax strategy in the current financial year, ended 31 December 2024.<\/p>\n

References to \u2018UK Taxation\u2019 are to the taxes and duties set out in paragraph 15(1) of the Schedule which
\ninclude Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax.
\nReferences to \u2018tax\u2019, \u2018taxes\u2019 or \u2018taxation\u2019 are to UK taxation.<\/p>\n

 <\/p>\n

Taking each of the requirements of Schedule 19 in turn:<\/p>\n

1. Approach of the UK Group to risk management and governance arrangements in relation to UK <\/strong>
\ntaxation<\/strong><\/p>\n

Following acquisitions in the year to 31 December 2024, Brown & Brown, Inc currently operates in the
\nUK through four sub-groups:<\/p>\n

    \n
  • Decus;<\/li>\n
  • Brown & Brown (Europe);<\/li>\n
  • BdB; and<\/li>\n
  • Kentro<\/li>\n<\/ul>\n

    1.1 Governance<\/strong>
    \nResponsibility for the tax strategy, the supporting governance framework and management of tax risk
    \nultimately sits with the Company\u2019s Chief Financial Officer. Day-to-day responsibility for each of these
    \nareas sits with the Company\u2019s Director of Tax. The Group’s tax strategy aligns to the Group’s wider risk
    \nand control framework. Key risks and issues related to tax are escalated to and considered by the
    \nGroup\u2019s Audit Committee.<\/p>\n

    1.2 Tax risk management<\/strong>
    \nThe Group\u2019s subsidiaries presently operate globally and manages tax risks in a variety of ways
    \nincluding:<\/p>\n

      \n
    • The Group aims to manage tax risk in a similar way to any area of operational risk across the
      \nGroup. The business is supported by oversight functions, including Tax and Internal Audit
      \nfunctions.<\/li>\n
    • The Group routinely engages local country third party accounting and legal firms to aid in the tax
      \ncompliance, audit of financials, and the implementation of tax strategies as needed.<\/li>\n
    • As needed, the Group looks to engage with tax authorities to disclose and resolve issues, risks
      \nand uncertain tax positions. As a result, at any given time, the Group may be exposed to
      \nfinancial and reputational risks arising from its tax affairs, although the tax risk management
      \nprocedures in place mean that these risks are carefully controlled.<\/li>\n<\/ul>\n

       <\/p>\n

      2. Attitude of the Group to tax planning (so far as affecting UK taxation)<\/strong>
      \nThe Group acknowledges its responsibility to pay the right amount of tax, as defined by all rules and
      \nregulations, in each of the principal jurisdictions in which it operates. The commercial needs of the
      \nGroup are paramount, and all tax planning must have a business purpose. The economic benefits
      \nassociated with tax planning must never override compliance with all applicable laws. The Group\u2019s Tax
      \nDirector will ensure that tax arrangements are well-understood and based on sound, researched
      \nprinciples. All material tax arrangements are vetted through local jurisdiction third party accounting and
      \nof legal firms.<\/p>\n

      3. Level of risk in relation to UK taxation that the Group is prepared to accept<\/strong>
      \nThe Group\u2019s tax risk appetite requires that, where tax law is unclear or subject to interpretation, the
      \nlevel of risk which the Group accepts in relation to UK taxation is consistent with its overall objective of
      \nachieving certainty, where possible, in the Group\u2019s tax affairs.<\/p>\n

      4. Approach towards dealings with HMRC and other tax authorities<\/strong>
      \nThe Group seeks to comply with its tax filing, tax reporting and tax payment obligations globally. The
      \nGroup\u2019s Tax Director recognizes the importance of developing strong and collaborative relationships
      \nwith HMRC. The Group\u2019s Tax Director will:<\/p>\n

        \n
      • Proactively manage Brown & Brown Inc.\u2019s relationship with HMRC with the aim of minimizing
        \nthe risk of challenge, dispute or damage to its credibility.<\/li>\n
      • Participate in any formal tax authority consultation process where it is expected that the matter
        \nunder consultation will have a material impact on the Group\u2019s liability or the Group\u2019s tax
        \ncompliance management.<\/li>\n<\/ul>\n

        [\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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