Tax Strategy
BDO complies with its duty under paragraphs 16(2) and 25(1) of Schedule 19 Finance Act 2016 through the publication of this tax strategy. This strategy applies to BDO LLP and its UK and Irish group subsidiary companies for the forthcoming financial year ending 2 July 2027.
References to ‘BDO’, ‘the firm’, ‘our’ and ‘we’ are to all these group entities.
Approval of strategy
This tax strategy has been approved by our Executive Board and is in line with our overall strategy and operations.
Management of UK tax risks
The Executive Board is responsible for our tax strategy. They have established a Tax Strategy Board, which consists of a number of senior accounting and tax personnel who are responsible for its implementation. Our Chief Operating Officer chairs the Tax Strategy Board, reporting directly to the Executive Board, and is responsible for preparing our tax strategy.
Managing tax risk
Identified tax risks are assessed and managed through our day-to-day tax operational framework and escalated to our Executive Board as appropriate. The Executive Board seeks to reduce or eliminate any such identified tax risks wherever this is possible and is committed to ensuring we are fully compliant with all our statutory obligations. We aim to file our tax returns on or before their due dates and pay all our tax liabilities on time.
Tax planning
We will always undertake tax planning/structuring based on sound commercial principles in accordance with the requirements of relevant tax legislation. This includes utilising tax reliefs and incentives as intended by Parliament.
Working with HMRC
We seek to maintain an open, honest and positive relationship with HMRC, and we will always operate on the basis of full disclosure. We have regular correspondence with our HMRC Customer Compliance Manager.
Other relevant information relating to tax
We are the UK member of BDO International and therefore we conducted our business predominantly in the UK during the reporting period. However, on 4 July 2026 we completed our merger with BDO Ireland which has expanded our sphere of direct operations. This tax strategy therefore now applies equally to both our UK and Irish operations, and where we undertake transactions and operations which require consideration of other tax regimes, we also adopt the same standards.