UK Tax Strategy
December 7, 2023

This Statement has been prepared in accordance to paragraph 22(2) of Schedule 19 of the UK Finance Act 2016 for the financial year ending December 31, 2023.

How GRAIL manages UK tax risk

GRAIL seeks to be as compliant as possible with local tax legislation, worldwide tax regulations, and corporate social responsibility.  We seek to report and pay the fair amount of tax due, in the appropriate jurisdiction, at the correct time. This is part of GRAIL’s desire to build trust in the tax system amid a period of large-scale international tax reform. GRAIL will not engage in artificial activity purely for tax purposes. 

GRAIL’s attitude towards tax planning

GRAIL’s goal is to fully and accurately comply with our tax obligations with the highest integrity.

Where material uncertainty exists in any area of its business, GRAIL seeks advice to ensure that it is

fully compliant with applicable laws.

GRAIL will uphold the applicable tax laws in each country of operation through non-abusive methods of practice and therefore aim to be compliant both with the law as written and the law’s intended effects, where known.

The Level of risk that GRAIL is prepared to accept for UK taxation

Rather than fixing set thresholds for acceptable UK tax risk, GRAIL assesses risk on a case-by-case basis based on the relevant facts and circumstances, within the context of the business activities and with the assistance of external advisers where appropriate.

GRAIL’s approach towards its dealings with HMRC

GRAIL seeks to remain transparent and to establish a constructive relationship with HM Revenue & Customs (“HMRC”).  Additionally, we will proactively engage with HMRC, in order to build trust and to reduce uncertainty and risk. GRAIL is cooperative and is committed to working collaboratively with all taxing authorities.