UK Tax Strategy Statement

Hogan Lovells International LLP
31 December 2018

Approach to UK Tax

Hogan Lovells International LLP (“Hogan Lovells International”) is a limited liability partnership organized in the United Kingdom and registered in England and Wales. We provide legal services as our principal activity.

This statement describes the firm's policy and approach to conducting our UK tax affairs and dealing with UK tax uncertainties and risk, which align with the responsible and sustainable manner in which we carry out all business operations. Driving professional and business ethics, accountability and responsibility is very much part of who we are and how we behave. As one of the world's leading law firms, we have a responsibility to uphold and champion the rule of law and its underlying principles. This statement is made available to all of Hogan Lovells International's stakeholders and will be reviewed annually by the board of Hogan Lovells International (“the LLP Board”).

This UK tax strategy statement applies to Hogan Lovells and its affiliated entities and will remain in place from 31 December 2018 and will be republished annually. All management of our tax affairs is in line with our firm values and regulatory requirements and takes into consideration our commercial reputation. The LLP Board therefore require that the firm's UK tax affairs are managed in accordance with the following principles:

Commitment to Compliance

The firm intends to fulfil its tax obligations in accordance with UK tax laws and practice. We disclose relevant facts and circumstances to HMRC and claim reliefs and incentives where available. We also ensure that we have appropriate arrangements in place to calculate accurately our tax liabilities and to pay the appropriate amount of tax in the right place on a timely basis.

Tax Governance and Risk Management

The LLP Board has overall oversight of the management of taxes, which is the responsibility of the Management Committee of Hogan Lovells International and accountability is delegated by it to the Global Finance Director supported by the Hogan Lovells Global Head of Tax, the UK Head of Tax and the UK Group Tax team.

Given the scale of our business and the volume of our tax obligations, tax uncertainties and risks will inevitably arise from time to time with respect to the interpretation of tax laws and the nature of our compliance obligations. We proactively seek to identify, evaluate, manage and monitor tax uncertainties and risks to ensure they are appropriately addressed in accordance with these principles. Responsibility and accountability for the firm’s tax affairs is agreed and decisions will be taken at an appropriate level. Where the interpretation or application of tax laws is not clear, we will take well-reasoned positions considering legal precedents and administrative positions of HMRC and engaging external advisors where considered necessary.

Structuring of Commercial Arrangements

In structuring our commercial activities we will consider the tax laws of the countries within which we operate (in addition to other relevant matters) with a view to maximising value on a sustainable basis for our stakeholders. We do not undertake tax planning related to the UK unless it is consistent with commercial objectives.

Relationship with HMRC

We engage with HMRC with openness, honesty, integrity, respect and fairness and in a spirit of cooperative and proactive compliance. Hogan Lovells International provides all necessary cooperation to HMRC where lawfully requested or required and as such we are in regular contact with HMRC. We seek to avoid disputes and, wherever possible, we will seek to resolve any disputed matter through proactive and transparent discussion and negotiation. We avoid taking positions on UK related tax matters that may create reputational risk or jeopardise our good standing with HMRC.

This statement is published on behalf of Hogan Lovells International LLP and its affiliated entities and is approved by its board. The publication of this statement is regarded as satisfying the statutory obligation under Paragraph 16(2) and 25, Schedule 19, Finance Act 2016.

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