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Diligent professional care and judgment is employed when assessing tax risks. In reviewing risks and in line with the Tax Policy, the following will be considered:

  • The maintenance of the University's reputation.
  • The tax benefits and impact on the University's reported results compared to the resource and financial costs involved, including risks of penalties and interest.
  • The wider consequences of potential disagreement with the tax authorities, including any possible impact on the ongoing relationship with authorities.