This tax strategy is published in accordance with paragraph 16(2), Schedule 19 of the Finance Act 2016 and applies to Thatchers Holdings Limited and all UK tax-resident entities within the Group. It is effective from 1 September 2025 and will remain in place until amended and approved by the Board.

A responsible approach to tax
At Thatchers Cider, we recognise that paying the correct amount of tax is a vital part of our contribution to the communities in which we operate, and to the stakeholders with whom we operate. Our tax contributions go beyond corporation tax and include employment-related taxes and duties, reflecting our commitment to responsible business practices.

Governance and oversight
Our tax strategy is approved by the Board and overseen by the Group Finance Director. It is implemented by a qualified internal finance team, supported by external advisors where appropriate, ensuring our approach remains aligned with our values and commercial activities.

Managing tax risk
Thatchers Cider manages its tax affairs in a way that supports genuine commercial activity and shareholder value, while ensuring full compliance with UK tax legislation. We do not engage in artificial tax arrangements or use tax havens for avoidance purposes. Where uncertainty arises, we seek professional advice.

Our tax risk appetite is very low. We consider tax risk to be both a financial and reputational matter and aim to minimise it through robust controls, proactive management and transparency.

Ethical conduct and transparency
We do not tolerate tax evasion or the facilitation of tax evasion. Procedures are in place to prevent such conduct and ensure that all individuals acting on our behalf uphold our ethical standards.

Relationships with tax authorities
Thatchers Cider works collaboratively with all tax authorities. Should any dispute arise from interpretation or application of tax laws, Thatchers Cider is committed to resolving the matter promptly, with openness and transparency.

Industry-specific considerations
As a cider producer, our tax footprint includes not only corporation tax but also excise duties, VAT, and employment-related taxes. We support fair and effective excise duty regimes that reflect the nature of cider production and consumption, and we actively engage with industry groups and government bodies to advocate for policies that support the UK drinks sector.