This tax strategy is published in accordance with the requirements of:

paragraph 19(2) of the Finance Act 2016 of the Finance Act 2016.

It applies to all UK taxed entities within the CHG group. It aligns with our wider business strategy and operational practices.

We are committed to complying with all applicable UK tax laws and regulations, identifying, managing, and reducing tax risk through strong internal governance and clear accountability. Our approach includes:

• Proactive Risk Identification: We monitor changes in tax law and business operations to identify risks early. We assess how complexity, scale, and changes in our activities may affect our tax position.
• Governance Framework: Tax risk is managed as part of our wider risk management strategy, overseen by our Finance Team and with regular updates provided to the Board of Directors.
• Board Oversight: The Board of directors holds ultimate responsibility for tax matters and approves this tax strategy. Key tax risks and strategic decisions are reviewed at Board of director level.
• Controls and Responsibilities: Day-to-day tax matters are managed by qualified personnel within our finance function. We use systems and controls to ensure compliance with reporting obligations, accurate filings, and payment of tax liabilities.
• Use of External Advice: Where appropriate, especially in complex or unfamiliar areas, we engage external advisors to ensure the correct interpretation of tax law and reduce risk.

We aim to structure tax affairs efficiently while maintaining compliance and integrity. Our approach is guided by:

• Substance Over Form: We do not engage in artificial tax arrangements. All tax planning supports genuine commercial activity.
• Code of Conduct: We act in accordance with the spirit and letter of UK tax law. Our internal code of conduct requires ethical and transparent behaviour in all tax-related decisions.
• External Advice: We seek independent tax advice in situations involving material tax consequences, legal uncertainty, or major transactions. This supports well-informed and compliant decisions.

Our overall risk appetite in relation to UK taxation is low. We do not engage in aggressive tax planning or tax avoidance and avoid taking positions on tax matters that could result in reputational damage or disputes with HMRC.

We aim to minimise tax risk through:

• Internal Risk Assessment: Tax risk is assessed regularly as part of our internal controls. Any material risk is escalated through our internal governance processes to senior management and, where necessary, to the Board of directors.
• Stakeholder Influence: Key stakeholders and senior leadership influence our risk tolerance. We balance tax risk with reputational, operational, and regulatory considerations.

We value a professional and transparent relationship with HM Revenue & Customs. Our approach includes:

• Open Communication: We aim to engage with HMRC in a timely, honest, and constructive manner. We disclose relevant figures and documents when required to support our tax filings.
• Compliance-Focused: We are committed to meeting all statutory and legislative tax obligations across the taxes and duties applicable to our business.
• Risk Disclosure: We proactively seek guidance on significant tax risks or uncertainties with HMRC and seek real-time clearance where appropriate.
• Resolution-Focused: Engaging with HMRC constructively during audits or compliance checks.

• This strategy reflects our current operating model and tax environment. If significant changes occur either in our business or UK tax law we will update our approach accordingly.
• We ensure appropriate documentation and audit trails for all significant tax-related decisions.

This strategy was approved by the Board of Directors of CHG-MERIDIAN UK Limited, CHG-MERIDIAN (Holding) UK Limited and CHG-MERIDIAN Ireland Limited. 
It is reviewed annually and updated as necessary to ensure ongoing compliance and alignment with our business operations and values.