Site Terms and Conditions
The terms below govern your use of this website and by accessing this website you agree to be bound by them. If you do not accept these terms, please do not use the website.
We may change these terms at any time without notice by updating the terms shown on this website. It is your responsibility to review the website terms each time you enter the website to ensure you are aware of our latest terms and conditions. Your use of this website after a change has been made signifies your acceptance of the revised terms.
This website is made available free of charge and for personal use only and is not to be used for any commercial purpose.
You may not copy, reproduce or use any material, including third parties material, names and logos, on this website without our express permission. All copyright and intellectual property is reserved.
On occasions BMW Group will incentivise its Retailers with programmes designed to improve their performance.
INFORMATION IN THIS WEBSITE.
Whilst we have made every effort to ensure the information on this website is up to date and accurate you must not rely on any information on this website and we do not accept liability if you do. Always check with us for precise information on vehicle model features, specifications and equipment, and in the case of used vehicles, current mileage details before ordering a vehicle.
Words, images and other content on this website are produced without them making any representation or implying any warranty as to suitability of the product or service, satisfactory quality or fitness for a particular purpose. If you have any doubt as to the suitability of a product or service for your proposed purpose please ask us.
Always check the terms on which any product or service is supplied before making any commitment. Copies of vehicle finance agreements and detailed insurance policies and summaries of cover and other product or service terms are available on request.
We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations.
You should seek your own independent financial advice in relation to any taxation or accounting matters referred to on this website.
PRODUCTS AND SERVICES.
The provision of details of products and services on this website are not, and should not be construed as, an offer to sell or supply such products or services.
All products and services on this website are subject to availability and may be withdrawn without notice. All products and services and all prices are also subject to change without notice.
All finance and hiring facilities are subject to status and available to companies and persons aged 18 or over in the UK only (excluding the Channel Islands and Isle of Man). Guarantees and indemnities may be required.
All insurance products outlined on this website are administered, underwritten and serviced by carefully selected insurance providers. For all insurance products, certain exclusions and eligibility criteria apply. A full summary of cover and detailed policy terms for each insurance product is available upon request.
TERMS AND CONDITIONS FOR INDIVIDUAL PRODUCTS AND SERVICES.
These website terms should be read in conjunction with the separate terms and conditions for the sale or supply of the individual products or services which are referred to on this website. In the event of any inconsistency between these terms and the specific product or service terms and conditions, the latter shall prevail.
ACCESS FROM OUTSIDE THE UK.
The vehicle and product specifications on this website are, unless stated otherwise, for the UK market only. These specifications (including what is optional and what is standard equipment) may vary in other markets. However some vehicle images may be of models supplied in other markets, for example showing left-hand drive, and not reflecting specifications in the UK.
Unless otherwise stated, the finance, leasing and insurance products and services on this website are available only to residents of the UK (excludes the Channel Islands and Isle of Man).
The information and other materials contained in this website may not satisfy the laws in countries outside the UK. If you choose to access this website from outside the UK you are responsible for ascertaining to what extent local laws are applicable and compliance with local laws. Any telephone numbers and charges shown only apply to calls made from within the UK.
WILLIAM MORGAN GROUP LTD. TAX STRATEGY
The William Morgan Group Ltd. (The Group) Tax Strategy is composed of seven elements.
- Tax Code of Conduct
The code of conduct applies to all tax professionals working on behalf of The Group.
It endeavours to guide the role of tax professionals within the group, their key responsibilities, their professional conduct and their approach to working relationships with external parties.
Tax professionals must:
- Observe all applicable laws, rules, regulations and disclosure requirements.
- Ensure all decisions are taken at an appropriate level, supported with documentation that evidences the facts, conclusions and risks involved.
- Insist on certainty on tax positions adopted but where the tax law is unclear or subject to interpretation, written advice or confirmation must be sought in order to ensure that the view adopted would, more likely than not, be settled in favour of the advice received.
- Develop and foster good working relationship with tax authorities, government bodies and other related third parties.
- Act with due consideration is to be given to reputation, brand corporate and social responsibilities when considering tax initiatives as well as the applicable legal and fiduciary duties of directors and employees, all of which will form part of the overall decision-making and risk assessment process.
- Be open, honest and transparent in all dealing with the tax and other relevant bodies. Should any person have specific queries about this code of conduct, or would like advise on implementing it, they should speak with their line manager and if not adequately addressed, those queries should be brought to the attention of William Le Fevre.
- Tax risk management for interactions with business
The business understands that the tax function should be involved throughout from planning to implementation in order to avoid failure in implementation, documentation or maintenance without corrective action.
The prominence of the commercial needs will under no circumstances override compliance with all applicable law. The tax function will therefore provide appropriate input. As part of the approval process for business proposals to ensure a clear understanding of the tax consequences. The tax function will also then ensure accurate representation in tax returns and accounts.
- Tax risk assessment procedures for decisions making.
Assessments will be made in the following circumstances;
- All business or share acquisitions and disposals.
- All changes in corporate structure.
- All significant business transactions.
- All significant new processes affecting tax compliance.
A detailed assessment of risk will be carried out and which must be presented to the owner of the tax decision.
Risk assessment should include but not be limited to:
- A full description of the issue including a clear summary statement of the facts.
- An assessment of the financial cost and benefits of all potential scenarios.
- An assessment of the non-financial cost and benefits including an assessment of the nature and amount of resources to secure the benefit.
- An assessment of the probability of the risk crystallising.
- Commentary on the likely process of dispute resolution.
Low-Risk issues are managed by Matthew Wilson.
Medium-risk issues are managed by Peter Brookes but subject to referral to external tax advisors for independent opinion.
High-risk issues are managed by the Board of the Group but subject to referral to external tax advisors for independent opinion.
- Tax risk management in the compliance life cycle
The business will submit all returns by their due dates in line with local tax law. The tax function will monitor all changes in relevant tax law and practice and undertake regular training in order to assess any consequences for the group, with the minimum aim of mitigating any adverse impact. The tax function will manage its compliance affairs to minimize the risk of any adverse public comment.
- Tax authority relationships
The code of conduct requires the group to foster good relationships with tax authorities, governments and related third parties and to undertake all such dealings in a professional, courteous and timely manner.
- Enquiry Management
Enquiries may include consideration of:
- The overall liability at stake including tax and penalties.
- The degree to which consistency is relevant concerning one or more instances / events.
- The likelihood of litigation.
- The likely resource requirements and options to source enquiry compliance.
- The reliance of expertise of information from third parties.
- The risk of reputational damage.
At all times all members of the tax, function should seek to share knowledge and to seek input on all matters that could improve the management of task risk in order to resolve the enquiry expeditiously.
- Artificial tax arrangements
The business will not engage in artificial tax arrangements. The business acknowledges that the test of artificially will be and is aligned with the existence or non-existence of a commercial purpose.
Approved by: William Le Fevre, Managing Director