Tax Strategy

Stannah Lifts Holdings Limited and subsidiary companies

(Effective for the financial year ending 31 December 2026)

Scope

This tax strategy applies to Stannah Lifts Holdings Limited and its subsidiaries (“the Group”). It covers taxes and duties set out in paragraph 15(1) of Schedule 19, Finance Act 2016 for all UK operations. Publication of this strategy is regarded as satisfying the requirements of paragraph 16(2) of Schedule 19, Finance Act 2016. This strategy applies from the date of publication until it is superseded.

Policy on tax risk management and strategy

High Level Overview

The Stannah Group is a multinational business with subsidiaries and branches in several countries. Our strategic tax objectives focus on compliance, tax risk management, preventing the facilitation of tax evasion, and commercial objectivity.

• Compliance – For all jurisdictions where the Group has tax obligations, we will submit all required tax returns and pay the amounts due within statutory deadlines.
• Tax risk management – We aim to prevent disputes with tax authorities. Positions taken in our tax computations will be those that are more likely than not to be accepted as reasonable interpretations of the law.
• Prevention of tax evasion facilitation – We are committed to preventing the facilitation of tax evasion by Group employees, customers, suppliers or any associated persons.
• Commercial objectivity – Transactions will be structured to suit commercial rationale. Where choices exist, tax implications will be considered but no transaction will be entered into solely to obtain a tax benefit.

Governance

The Board of Directors (BoD) holds overall responsibility for tax compliance and approves this strategy. Operational responsibility is delegated to the Group Financial Director (GFD). The BoD acknowledges obligations under the Criminal Finances Act 2017, and tax compliance management includes preventing the facilitation of tax evasion. The Group ensures competent resources are available in each jurisdiction.

Strategy delivery

The Group Finance Department (GFD) ensures compliance obligations are understood and fulfilled. All tax returns undergo robust review. External advisors may be engaged where required. Material tax positions must be documented and disclosed where appropriate.

Tax returns processes

Staff involved in tax-relevant transactions receive training to ensure accuracy in reporting. The GFD maintains awareness of tax law developments and undertakes audit processes to ensure accuracy and consistency. New or developing business activities involve early assessment of tax consequences.

Dealing with tax authorities

The Group and its advisors foster professional, courteous and timely relationships with tax authorities. Dedicated team members maintain regular communication to ensure obligations are met.

Tax risk appetite

The Group’s objective is full tax compliance, operating in a risk‑averse manner, ensuring the correct amount of tax is paid.

Attitude toward tax planning

Advice from third‑party advisors must relate to genuine commercial rationale. Relationships between Group entities aim to comply with the OECD arm’s‑length principle. The Group may utilise tax allowances, incentives and reliefs where aligned with commercial activity and used as intended by legislation.

Review and application

This strategy is reviewed annually by the GFD and approved by the BoD. This policy is effective for the financial year ending 31 December 2026.