Fair tax certification for Suma
In recognition of its commitment to fair practices, Suma Wholefoods has been certified as a Fair Tax Mark Business.
The Fair Tax Mark certification scheme was launched in February 2014 to allow businesses that are paying tax in a responsible way to demonstrate this commitment to their customers, suppliers, investors and employees. Already, more than 50 businesses have been certified.
Emma Robinson, Compliance Coordinator at Suma, commented: “We are delighted to have received the Fair Tax Mark certification. Equality and sustainability are at the heart of what we do and having a fair and transparent approach to tax is key to being a responsible business. The Fair Tax Mark allows us to demonstrate that we have been independently assessed and found to have an exemplar approach to tax. Too often, tax is presented as a burden for businesses, but we’re proud to pay the tax we owe.”
Paul Monaghan, Chief Executive at Fair Tax Mark, added: “We are pleased to announce the Fair Tax Mark certification for Suma, one of the most well-known and fastest growing co-operatives serving customers across the UK and internationally. As part of the accreditation process, Suma has published a new tax policy that commits them to shun tax avoidance and to avoid the use of artificial tax havens. Suma already publish their full accounts and are committed to enhancing their tax reporting in the future. Their current tax charge is very much in line with the expected rate, averaging at 21 per cent over the last four years.”