Stripe, Inc. (“Stripe”) is headquartered in San Francisco, California. Stripe has international operations in numerous countries, including the United Kingdom. In structuring our commercial activities and expansion, Stripe complies with the tax laws of the countries within which Stripe operates with a view to fulfilling our mission of growing the GDP of the internet. Any tax planning undertaken will have commercial and economic substance, resulting from assets, people and activities, while considering the potential impact on Stripe’s broader goals. Stripe does not undertake tax planning that is contrived or artificial.
The tax policy below applies to Stripe Payments UK, Ltd. It has been published in accordance with paragraph 22(2) of Schedule 19 to the Finance Act 2016. The tax policy covers both direct and indirect taxes, including corporate tax, PAYE and VAT.
Stripe’s internal governance procedures are set at the executive level and through people, processes, and controls, Stripe manages tax risks and compliance with tax laws. When a tax risk is identified, Stripe’s procedures require an escalation and prompt notification to the appropriate senior personnel and executives.
The procedures seek to ensure that all tax filings are made in compliance with local tax laws and that all taxes are paid on a timely basis. Stripe works to ensure that its tax positions appropriately reflect the business activities it undertakes in the UK, and the same approach is taken whenever new tax legislation is introduced or HM Revenue & Customs (HMRC) changes their policies. When there is uncertainty or complexity in relation to the law or its application, expert advice may be sought. If this is insufficient to achieve certainty or to address the complexity, Stripe may look to engage directly with HMRC to better understand the application of the law and ensure compliance.
Stripe does not accept any form of behavior that facilitates the evasion of tax, whether in the UK or in any other jurisdiction.
Stripe engages with tax authorities with honesty, integrity, respect, fairness, and in a spirit of cooperative compliance. If it becomes necessary, Stripe plans to engage with HMRC in the same manner. Stripe is prepared to defend its positions in court in cases where Stripe disagrees with a ruling or decision of a tax authority, but we will first seek to resolve any disputed matters through proactive and transparent discussion and negotiation.
This strategy has been published for year ended 31 December 2020