UK Tax Strategy

Below sets out the tax strategy of Worldpay Holdco LLC and all its subsidiaries (“WP”) as at 31 December 2024. The UK subsidiaries covered by the tax strategy can be found in Appendix 1.

WP Tax Strategy

WP is committed to conduct its tax affairs in accordance with the following objectives:

Comply with all relevant laws, regulations and reporting and disclosure requirements;

Apply diligence in the management of the processes and procedures by which all tax-related activities are undertaken, and ensure that appropriate tax governance procedures are in place;

Use available incentives and reliefs and ensure we apply them as intended;

Maintain an open relationship with all tax authorities based on collaboration and integrity.

Approach to risk management and governance

Responsibility for the tax strategy, the supporting governance framework and management of tax risk ultimately sits with the Chief Financial Officer (CFO). Day-to-day responsibility for each of these areas sits with the Chief Tax Officer (CTO) and SVP of Tax, who reports to the CFO.

WP recognizes that it has a responsibility to pay an appropriate amount of tax in each of the jurisdictions in which it operates, considering the relevant laws and regulations. WP’s transfer pricing complies with OECD Transfer Pricing Guidelines and is applied consistently across the global WP group.

WP employs credentialed tax professionals who support WP’s business to assess and manage tax risk in a manner aligned to the operation of our business. We seek certainty on tax positions we adopt, employing diligent and professional care and judgement in assessing tax risks. Where there is any uncertainty as to the application or interpretation of tax law, we seek assurance in support of the decision-making process.

WP operates an effective tax control framework, enabling us to identify key tax risks. We manage those risks through appropriately designed and functional controls, policies and processes.

Attitude toward tax planning

WP’s tax planning approach is in line with our broader objective to deliver long-term economic value to our stakeholders, including the local and global communities in which we operate. To manage a sustainable business and be competitive, we consider business and tax impact in structuring our business and its transactions.

Our goal is to fully and accurately comply with our tax obligations with the highest integrity. Where material uncertainty exists, WP seeks advice to ensure that it is fully compliant with applicable laws.

Approach towards dealings with tax authorities

WP is committed to maintaining a cooperative and transparent relationship with tax authorities. We strive to provide all relevant information that is required in time to review tax risks and provide regular business updates to HMRC.

We are committed to providing accurate and timely disclosures in correspondence and return filings, and to respond to queries and information requests in a timely manner. Where appropriate, we will seek advance clearance from HMRC.

WP considers that this publication satisfies the UK legislative requirement under paragraph 19(2) Schedule 19 Finance Act 2016 to publish a tax strategy in the current financial year.

Appendix 1

WP UK subsidiaries covered by WP tax strategy:

  • Ship Holdco Limited
  • Ship Midco Limited
  • Worldpay (UK) Limited
  • Worldpay AP Limited
  • Worldpay ECOM Trading (UK) Limited
  • Worldpay eCommerce Limited
  • Worldpay Finance Limited
  • Worldpay Governance Ltd
  • Worldpay Group Limited
  • Worldpay International Group Limited
  • Worldpay International Holdings Limited
  • Worldpay International Limited
  • Worldpay International Payments Limited
  • Worldpay International Solutions Limited
  • Worldpay Jersey Limited
  • Worldpay Latin America Limited
  • Worldpay Limited
  • Worldpay Payments Ireland Limited
  • Yespay International Limited