OKG UK Tax Strategy

Overview

In compliance with Schedule 19 of the Finance Act 2016. This policy applies to OKG Financial UK Company Limited ("OKG UK" or "We") and is published for the financial year ending 31st March 2026.

Commitment to Compliance

OKG UK is committed to full compliance with all applicable UK tax laws, regulations, and disclosure requirements. This includes paying the correct amount of tax in the correct jurisdiction and at the correct time, while disclosing all relevant facts and circumstances to HMRC. All employees are expected to comply with both the spirit and the letter of UK tax laws.

Approach to Tax Planning

OKG UK's approach to tax planning is prudent and aligned with its economic activities. We structure transactions with genuine commercial substance and avoid aggressive tax planning. We take into account regulatory guidance, reputational impact, and long-term sustainability when considering tax matters. We engage external advisors where appropriate to ensure our approach is in line with market and regulatory expectations. While we seek to manage our tax affairs efficiently, we do so within the boundaries of UK tax legislation, international standards, and regulatory expectations.

Tax Risk Management

We operate within a low tax risk appetite framework. OKG UK's approach includes identifying, assessing, and managing UK tax risks in a proactive and structured manner. We apply internal controls, including segregation of duties, monthly reconciliations, and internal audits. Where uncertainty or complexity arises, we seek professional advice and engage with HMRC as appropriate. We recognise that tax risks may arise due to the evolving regulatory environment, but we are committed to managing such risks responsibly.

Dealing with HMRC

We engage with HMRC in an open, honest, and cooperative manner. OKG UK's approach includes maintaining regular communication when required, providing timely and transparent information on significant transactions or areas of uncertainty, and working constructively to resolve any queries or audits, including seeking clearance where appropriate.

Governance of Tax

Governance of UK tax affairs is overseen by the UK Head of Finance. Day-to-day responsibility rests with the UK Head of Finance, who is supported by the Group Tax team when needed. The UK Board of Directors provides oversight and formally approves the UK Tax Strategy. The strategy is reviewed annually or when a material change arises. The UK Head of Finance ensures the implementation and effectiveness of the strategy.