Duferco International Trading Holding S.A. (“we”, “DITH” or “the Group”) is a global leader in the trading and distribution of steel and the raw materials essential to steel production. We are active across the entire steel value chain and we operate trading and distribution companies and production units in many jurisdictions around the world.
The Group is active in the United Kingdom through its subsidiary Duferco UK Ltd.
APPROACH TO TAX COMPLIANCE AND RISK MANAGEMENT
Consistent with our commitment to responsible and ethical business, DITH makes every effort to comply with tax law and practice in all the jurisdictions where we operate.
Accordingly, our approach and policy towards our tax affairs is to:
The Group Director – Audit and Control, who reports to the CEO, is responsible for the overall approach to and management of the Group’s tax affairs.
APPROACH TO TAX
In structuring our commercial activities, we aim to identify tax risks and implement appropriate and compliant tax-related initiatives that support the Group’s commitment to protecting shareholders’ value whilst maintaining our reputation, which we regard as a key asset. We will at all times take a prudent approach to tax-related matters, operating not only within the applicable law but in a manner designed to protect and enhance our reputation in the market and with the applicable authorities.
APPROACH TO HMRC
Our Business Code of Conduct guides our actions and behaviour and is integral to the way we manage our business. It follows that we are committed to engage with HMRC applying our core principles of respect, transparency and integrity.
[Last updated: September 2017]