Vanquis tax strategy
We seek to ensure that our tax strategy is aligned with our mission, our core values and our overall strategy. We are committed to being a responsible taxpayer, being straightforward and transparent on all tax matters and acting fairly, responsibly and with integrity in all our dealings with tax authorities.
Being a responsible taxpayer
Taxes allow governments to fund essential public expenditure, enabling them to meet economic and social objectives. Paying tax is a key part of how our business contributes to society.
We’re committed to being a fair and responsible taxpayer. We operate in an open, honest and straightforward manner in all tax matters and we’re fair and reasonable in all our dealings with tax authorities.
We seek to make sure that we comply with all tax rules and regulations in the places where we operate. We safeguard our reputation as a responsible taxpayer, while recognising that we also have a responsibility to protect shareholder value by managing and controlling our tax liabilities.
Our tax strategy
Our tax strategy, which was last updated and approved by our Board in December 2025, sets out our approach to tax and to being a responsible taxpayer. Our tax strategy is aligned with HMRC’s Code of Practice on Taxation for Banks (the Code) which sets out the principles and behaviours expected of banking groups with regard to tax, and we have unconditionally adopted the Code.
To read more about what makes us a responsible taxpayer, please see our latest Corporate Responsibility Report.
To meet the duty under paragraph 16(2), Schedule 19 of the Finance Act 2016, which requires large UK businesses to publish their tax strategies online, the Vanquis Banking Group plc Tax Strategy can be accessed below.