UK Tax Strategy - Financial Year Ending 31 December 2024 (Fiserv)

Summary

• The UK tax strategy covers the financial year ending 31 December 2024.p.1
• The publication satisfies statutory obligations under section 161 and para 22(2) of Schedule 19 Finance Act 2016.p.1
• The strategy applies to all UK taxes defined under para 15 of Schedule 19 Finance Act 2016.p.1
• Fiserv and its UK subsidiaries are subject to tax control standards under the Sarbanes-Oxley Act 2002.p.1
• Group companies certify compliance with tax policies on a quarterly and annual basis for U.S. public reporting.p.1
• Process reviews and tax risk assessments are executed by each company on a quarterly basis.p.2

Key insights

1. The tax strategy governs all UK subsidiaries of Fiserv, Inc., including Fiserv Europe Ltd and FDR Limited, LLC.p.1
2. Day-to-day tax management is delegated to regional Accounting and Tax Directors with oversight from the Parent's Global Corporate Tax function.p.1
3. Compliance certifications are required both quarterly and annually to satisfy U.S. public reporting obligations.p.1
4. New or unusual commercial transactions are evaluated in advance to assess potential tax risks.p.2
5. The Group aligns its tax planning strictly with economic and business purposes in accordance with tax law.p.2
6. When significant commercial transactions involve uncertain tax laws, the Group may consult independent tax advisers or HMRC.p.2