Stratégie fiscale au RU (anglais)

This tax strategy has been prepared and published in accordance with paragraph 16 (2), Schedule 19, Finance Act 2016, on behalf of OneWeb Holdings Ltd and all UK tax resident entities in the wider Eutelsat group (“Group”) of which OneWeb Holdings Ltd is a member.

This tax strategy is effective from 1 April 2022 and will remain effective until any amendments are approved by the Board. It has been reviewed and reconfirmed in 2024.

1. Group Business Strategy and Tax Objectives

The Group is committed to comply with all applicable tax laws in the UK and all the countries in which it operates. It is recognised that taxation matters are often significant in a commercial and corporate transaction, and therefore a key objective of our strategy is to ensure that tax affairs of the Group are in good order and uncertainties are minimised.

2. Managing tax risk

Tax risks will be managed in accordance with the Group’s risk management framework and procedures.

The tax implications of all major transactions (for example M&A transactions, corporate structure changes, and cross-border intra-group transactions) will be reviewed in advance by the Group Tax team with appropriate support from external advisors.

The Group will ensure that all decisions are taken at the appropriate level with appropriate supporting documentation.

3. Level of Risk

The Group accepts that certainty of tax treatment cannot be achieved in all circumstances (in the context of both compliance and transactions).

We are not prescriptive on the level of tax risk we are prepared to accept. However, we do not take speculative tax positions or those that bring material tax risk. Where there is material uncertainty on the tax treatment of a transaction, or where the necessary expertise is not available within the Group Tax team, external advice is sought before any position is taken.

4. Attitude to tax planning

When considering how to structure an investment or transaction, this process will be driven by the wider business strategy, with the tax impact being one of many factors considered. Where a choice exists on how to structure an investment or transaction, and where this is in line with our business strategy, we will choose the more tax efficient option. We have a zero-tolerance approach to tax evasion and the facilitation of tax evasion.

The Group does not enter into artificial arrangements that lack commercial purpose to secure a tax advantage. The aim is to ensure full compliance with all statutory obligations and, consequently, attempt to minimise risk wherever possible.

5. Interaction with tax authorities

The Group’s approach to its tax affairs is supported by an open, honest and positive working relationship with the tax authorities.

The complexity of tax regulations means that we may occasionally disagree with tax authorities on the technical interpretation of a particular area of tax law. We seek to resolve any differences of interpretation with tax authorities in a cooperative manner.

December, 2024.