Leumi UK Group Limited
Group Tax Strategy – October 2025
Introduction
Leumi UK Group Limited is a specialist lender with a UK focus which also benefits from close ties to Europe and Israel. The commercial strategy for the coming years is to develop and cement its position as one of the UK’s leading specialist funders to the Property, Hotel and Asset Based Lending sectors.
Tax Risk Management
The Group has a low appetite for tax compliance risk and does not participate in aggressive planning or complex structured arrangements designed to minimise its tax liabilities. Responsibility for the tax strategy and management of tax risk ultimately sits with the Head of Finance, with day-to-day responsibility assumed by the Financial Controller.
The Group’s approach includes:
- Complying with UK tax legislation in all aspects of business;
- Knowing how tax fits into the Group’s overall business strategy and ensuring that the right people are responsible for basic business processes as they affect tax;
- Making timely and accurate tax returns that reflect its tax obligations and ensuring these obligations are met as they fall due;
- Maintaining accounting systems and controls sufficient to support tax compliance obligations; and
- Ensuring that intercompany transactions are undertaken on an arm’s length basis and during the ordinary course of business, in line with UK tax legislation and the OECD’s transfer pricing guidelines
Tax Planning
The Group’s policy on tax planning is as follows:
- To only undertake tax planning which supports genuine commercial activities and generate profits in a tax efficient way;
- To not promote any tax arrangements unless the Group reasonably believes that they comply with generally accepted custom and practice in addition to the law; and
- To assist with tax planning issues and interpretation of UK tax law and/or in areas where there are changes to UK tax legislation which affect the Group, appropriate professional advice, as necessary, is sought to assess the impact on products, services or transactions
Governance
Compliance with tax laws is embedded within the company’s governance structure through consideration of tax issues at all stages in the business cycle. Specifically:
- The group tax strategy is part of the Board approved framework of policies, approved annually by the Audit and Remuneration Committee
- Tax is an integral part of the Finance function and compliance with all UK tax filing and payment deadlines overseen by the Financial Controller
- To provide robust and transparent tax disclosures for financial reporting
Relationship with HMRC
The Group aims at all times to:
- Communicate with HMRC in an open and constructive way. Adopt a collaborative approach to resolve issues and, where appropriate, in advance of filing or payment requirements; and
- Make full disclosure of all items required in filing UK tax returns