Tax Strategy

The below tax strategy satisfies the obligations per paragraph 22(2) Schedule 19 FA16 for the year ended 31 December 2024 and applies to Turnitin UK Ltd and Liftupp Limited.

Overview

Turnitin is a global leader in academic integrity and assessment solutions that aims to ensure the quality of education and improve learning outcomes. We offer a range of products that help students, instructors, researchers, and institutions to address plagiarism, streamline grading, and enhance feedback. These products are designed to meet the evolving needs of the education community, uphold academic integrity, and promote original thought.

Our tax strategy

We are committed to conducting business in a responsible and transparent manner. We believe that paying taxes is an essential part of our corporate responsibility and we are committed to complying with all relevant tax laws and regulations.

Our tax strategy is designed to ensure that we pay the right amount of tax in the right place at the right time. We aim to achieve this by:

1. Complying with all relevant UK tax laws and regulations.
2. Maintaining open and transparent relationships with HMRC.
3. Ensuring that our tax affairs are structured in a way that reflects the economic substance of our business activities.
4. Managing tax risks in a responsible and proactive manner.
5. Ensuring that our tax strategy is consistent with our overall business strategy and values.

Governance and risk management

Our tax affairs are overseen by the Leadership team, which are responsible for ensuring that our tax strategy is aligned with our business objectives and values. The Leadership team is supported by the Finance team, including our team of experienced tax professionals, who assist with implementing our tax strategy and managing our tax risks.

We engage external advisors to support our decision-making process when there is uncertainty in how the relevant tax law should be applied. We may also engage with tax authorities to disclose and resolve issues, risks, and uncertain tax positions.

We do not accept any form of behaviour that facilitates the evasion of tax, whether in the UK or in any other jurisdiction. We are committed to ensuring that there are reasonable procedures in place at all times to prevent tax evasion by anyone acting on its behalf.

Tax planning

We engage in tax planning to ensure that we pay the right amount of tax in the right place at the right time. Our tax planning is aligned with our business objectives and values and is conducted in a responsible and transparent manner. When appropriate to our business, we will seek to apply UK tax incentives and exemptions in the manner in which they are intended. We do not engage in aggressive tax planning or artificial tax arrangements that are inconsistent with the economic substance of our business activities.

Our attitude to tax risk

We exercise diligent professional care and judgement in assessing tax risk and only undertake commercial transactions in pursuit of our business objectives and, to meet those objectives, we aim to be a low risk tax organisation.

Relationship with HM Revenue & Customs (HMRC)

We maintain an open and transparent relationship with HMRC. We recognise that there may be occasions where we will encounter areas of disagreement relating to interpretations of law and its applicability. Where this occurs, we will engage with HMRC in proactive discussions to resolve tax disputes in a cooperative and constructive manner.