Tax Strategy

This tax strategy has been prepared and published in accordance with paragraph 16 (2), Schedule 19, Finance Act 2016, on behalf of The All England Lawn Tennis & Croquet Club Limited and all entities in its group (the “All England Club group”). 

This strategy applies to The All England Club group from the date of publication until it is superseded. The strategy sets out our approach to taxation and has been approved by our board of directors.

Our tax strategy is reviewed annually.

Compliance

The objective of our policy is to ensure that we meet all our tax compliance obligations, including electronic submission of data where required. In order to do this we make all tax filings and pay, withhold and remit all taxes in full in accordance with our reputation and corporate values.

We seek to ensure compliance with all forms of taxation in respect of all our income, profits, expenditures and player prize money as relevant, including:

• Corporation Tax
• VAT (charged on sales and reclaimed on purchases)
• National Insurance (employer’s contributions and employees’ contributions deducted from employee salaries)
• PAYE (deducted from employee salaries)
• Apprenticeship levy
• Withholding tax (deducted from some overseas broadcast rights and royalty income)
• Withholding tax (deducted from players’ prize money in accordance with the Foreign Entertainers Unit regulations)
• Insurance Premium Tax
• Business rates

Tax risk and planning

Our decisions regarding how we conduct the All England Club group’s business have regard to commercial and economic substance. We will not enter or implement transactions in a manner which is contrived, high risk, artificial, result in significant levels of uncertainty or are abusive for tax purposes.

We will claim any allowable reliefs or deductions, including entitlement to reliefs pursuant to double tax treaties, and we will seek to maintain taxation arrangements agreed with HMRC which benefit The Championships and tennis in the UK. These include arrangements whereby:

• the financial surplus arising from the operations of The Championships is divided under arrangements whereby the All England Club group receives and pays corporation tax on 10% of the surplus and the remaining 90% of the surplus is distributed to LTA Limited (or one of its group companies as it nominates) and is included in the LTA’s tax calculations and payments (after deduction of allowable costs).
• in accordance with other long standing arrangements disclosed to and agreed with HMRC the proceeds from debentures issued by The All England Lawn Tennis Ground plc (an All England Club group company) are treated as capital funding subject to VAT but not subject to corporation tax.

In light of the size and complexity of our business, risks may arise in relation to interpreting complex tax law. We have a low risk appetite for tax risks. We manage these risks by identifying and assessing them internally, seeking professional advice where appropriate, engagement with the Finance & Audit Committee and Board of Directors on any potential significant risks and by seeking HMRC’s views and agreement in relation to any areas of particular uncertainty or change of historically agreed taxation treatment. We continue to consider our tax treatment in accordance with new legislation as it is issued.

Engagement with HMRC

We will engage with HMRC in an open manner in the spirit of honesty and transparency and will not take positions on tax matters that may create reputational risk or compromise HMRC’s view of our business. Any inadvertent errors in submission of tax returns are fully disclosed to HMRC as soon as reasonably practicable after they have been identified.

We would be prepared to disagree with HMRC’s view of a matter if our interpretation of the relevant tax law or practice differs. In such a case we would, where possible whilst acting in the group’s best interests, seek to resolve any disputed matters through collaborative discussion.

We will engage with HMRC as required to ensure all information is submitted as securely as possible, whilst adhering to HMRC requirements.

We engage with Revenue Authorities outside of the UK where requested in relation to income recognised from overseas and taxes withheld at source. We conduct this in an open and transparent manner and ensure required returns are processed on time.

Governance

It is the responsibility of the finance team to ensure all taxation issues are promptly reported to the Senior Accounting Officer as soon as they become aware of them.

This strategy has been reviewed by the suitably qualified Finance & Audit Committee and approved and adopted by the board of directors of The All England Lawn Tennis & Croquet Club Limited.

Deborah Jevans

Chair,
On behalf of The All England Lawn Tennis & Croquet Club Limited

10 March 2026