Unite supports measures aimed at enhancing tax transparency and confirms that this tax policy was effectively complied with for the 2024 year-end. The tax policy applies to all the companies that form part of the Unite Group. We don’t just work within the letter of the laws that apply to our operations, we also work within the spirit of these laws, too, and claim reliefs in the way they were intended.
We’re committed to providing regular information on tax affairs in a clear and straightforward way that enhances our stakeholders’ understanding and provides them with the confidence that we’re paying our fair share of tax. To this end, we provide transparent disclosure of our tax affairs, the amounts and types of taxes we pay, and where we pay it. Unite would never take advantage of the secrecies afforded by tax haven jurisdictions.
The Fair Tax Mark recognises that we’re a company that does the right thing – paying the right amount of corporation tax, in the right place and at the right time. Most importantly, this accreditation shows our partners that we are a responsible business, taking a great deal of pride in being open and transparent in how we do things.
Our pledge
We will manage our tax affairs responsibly.
We will not undertake aggressive tax planning or any planning that is not aligned with the economic and commercial activities of our business.
We will maintain an open, transparent, and collaborative relationship with HMRC and all other international tax authorities.
We will pay the right amount of tax in accordance with relevant statutes and case law.
We will pay taxes and make tax returns on a timely basis.
We will seek to declare profits in the place where their economic substance arises.
We will not use tax havens for tax avoidance purposes or inappropriately shift profits between tax jurisdictions.
Tax reconciliation
Unite doesn’t have any Uncertain Tax Positions, which means that there is no uncertainty over the acceptability of items in Unite’s tax returns.
In 2024, the Unite Holding SE and its subsidiaries paid €555,000 in corporate income taxes and didn’t opt for tax relief or utilise other instruments to avoid or reduce the effective tax. In each jurisdiction where a profit occurred, the current and legal tax rate has been applied to calculate the appropriate tax charge. Taxes are generally paid by Unite in the subsequent fiscal year or, if applicable, offset with advance payments.
We pay corporation tax on our profits in several European jurisdictions and in accordance with the current rate in each country.
Our current tax rate for FY2024 is 20%. The consolidated current tax charge for the year has been reduced by German tax losses brought forward and utilised in the year (for which an equal amount has been derecognised as a deferred tax asset). Separately, some current year German tax losses have been carried forward for future use by a different group company (for which no new deferred tax asset has been recognised). These tax adjusting items can be seen in the numerical tax reconciliation presented in Unite Holding SE’s annual report and below:
2024 EUR tsd. |
|
| Consolidated profit before tax | 2,892 |
| Tax due at 30.0% | 868 |
| Tax losses carried forward for future use² | 275 |
| Different tax rates applicable | -11 |
| Other items | 136 |
| Brought forward tax losses utilised in current year¹ | -779 |
| Trade tax | 90 |
Actual current tax expense for the year (rate: 20.0%) |
579 |
| Deferred tax charge for year (connected with tax losses being utilised) | 778 |
| Actual total income tax expense for the year (46.9%) | 1,357 |