Severn Trent secures fair tax mark for the third year running
Monday 15th November 2021
Severn Trent has secured the Fair Tax Mark accreditation for the third year running, further demonstrating its commitment to doing the right thing.
The Fair Tax Mark is independent recognition of Severn Trent’s commitment to paying the right amount of tax at the right time and applying the ‘gold standard’ of tax transparency.
Retaining it affirms the Company’s reputation for managing its tax affairs in a responsible manner, recognising the interests of all its stakeholders.
James Bowling, Chief Financial Officer at Severn Trent, said: “We’re delighted to retain our Fair Tax Mark for the third year running. This much sought-after recognition demonstrates we’re a company that’s committed to managing our tax affairs responsibly, and paying the right amount of corporation tax, in the right place at the right time.”
James added: “We strongly support measures aimed at enhancing tax transparency. We believe it gives our stakeholders’ the confidence and information to show that we are paying our fair share of tax.”
Jaime Boswell, Head of Accreditation, Fair Tax Foundation, said: “We are thrilled to announce that Severn Trent has gained the Fair Tax Mark for the third year in a row. With extra tax reconciliations and comprehensive explanations, they have gone above and beyond in their tax disclosures. Severn Trent’s employees, customers and stakeholders can be confident and proud that good tax conduct is being carried out at a time when this really matters.”