TAX STRATEGY

Strevens Vehicles Holdings Limited

In compliance with Schedule 19 of the Finance Act 2016, this document sets out the tax strategy adopted by Strevens Vehicles Holdings Limited and its subsidiary undertakings (“the Group”) in conducting their tax affairs.

The strategy is reviewed and approved by the Board of Directors and is published in accordance with the UK legislative requirement for large businesses to publish their tax strategy.

The Group comprises:

• Strevens Vehicles Holdings Limited

• Ford & Slater Limited

• Massey Truck Engineering Limited

The principal activities of the Group are the sale, maintenance and repair of commercial vehicles, the sale of spare parts, and the manufacture of specialist truck bodies and trailers. These activities are conducted from thirteen operational sites across the Midlands and North England.

The Group conducts all of its business operations within the United Kingdom and does not carry out trading activities outside the UK.

The Group’s policy is to comply fully with all applicable UK tax laws and regulations and to pay the correct amount of tax at the appropriate time.

For the purposes of this strategy, taxation includes all direct and indirect taxes, including:

• Corporation Tax

• Value Added Tax (VAT)

• Employment Taxes (Income Tax and National Insurance Contributions)

• Stamp Duty Land Tax

• Any other taxes, duties, or levies applicable to the Group

Tax Risk Management and Governance

The Senior Accounting Officer (SAO) and Finance Director have overall responsibility for the implementation and oversight of the Group’s tax strategy and tax compliance framework.

In accordance with the Senior Accounting Officer provisions under Schedule 46 of the Finance Act 2009, the Group seeks to ensure that appropriate tax accounting arrangements are maintained to enable accurate tax reporting and compliance with UK tax legislation.

The Board of Directors retains ultimate responsibility for the Group’s governance framework, including oversight of tax risk and compliance.

The Group maintains robust internal controls, processes and systems designed to:

• Ensure that tax liabilities are accurately calculated and reported

• Ensure that tax returns are submitted on a timely basis

• Maintain appropriate documentation and audit trails supporting tax filings

• Identify and manage tax risks arising from business activities or changes in legislation

The effectiveness of the Group’s tax accounting arrangements is periodically reviewed by senior finance management to ensure that they continue to meet the requirements of UK tax legislation and the Senior Accounting Officer regime. Improvements are implemented where opportunities to strengthen controls or processes are identified.

Where appropriate, the Group engages external professional advisers to provide guidance on complex or technical tax matters and to assist in ensuring ongoing compliance with UK tax legislation.

The Group maintains a documented tax control framework designed to support the accuracy and integrity of its tax reporting. Key tax processes are supported by appropriate systems, controls and review procedures to ensure that relevant tax data is captured and reported correctly.

The Group maintains documentation describing its tax accounting processes, responsibilities and controls, and these are reviewed periodically to ensure they remain appropriate for the scale and complexity of the business.

Approach to Tax Planning and Risk

The Group adopts a conservative and low-risk approach to tax planning.

The Group does not undertake aggressive tax planning or artificial arrangements designed solely to obtain a tax advantage. Any tax planning undertaken is aligned with commercial business activities and the intent of UK tax legislation.

Where appropriate, the Group utilises tax reliefs and incentives that are clearly intended by Parliament, such as capital allowances and other available reliefs, in order to support investment and operational efficiency.

Tax risks are assessed in the context of the Group’s overall governance framework, and any material tax issues are escalated to senior management and, where appropriate, the Board of Directors.

Where significant tax matters or uncertainties arise, these are escalated to senior management and, where appropriate, to the Board of Directors. External professional advice may be sought where necessary to ensure that the Group’s position remains compliant with applicable legislation and consistent with the Group’s low-risk approach to taxation.

Relationship with HM Revenue & Customs

The Group seeks to maintain a professional, open and transparent relationship with HM Revenue & Customs (HMRC).

The Group is committed to:

• Filing accurate and complete tax returns

• Meeting all statutory filing and payment deadlines

• Maintaining open dialogue with HMRC where clarification is required

Where HMRC conducts enquiries or reviews, the Group aims to respond in a timely and cooperative manner, providing information as requested and working constructively to resolve matters.

Where differences in interpretation arise, the Group will seek to resolve issues through discussion with HMRC, supported where appropriate by external professional advice.

Approval

This tax strategy has been reviewed and approved by the Board of Directors of Strevens Vehicles Holdings Limited and applies to the Group and its subsidiary undertakings.

Approved by the Directors

Nigel Strevens
Senior Accounting Officer

30 January 2026