Triton Power Holdings Limited

Tax Strategy Year Ended 31st December 2024

This report sets out the tax strategy of Triton Power Holdings Limited and its UK subsidiary undertakings, and by making this strategy available the group is fulfilling its responsibilities in accordance with Schedule 19, Part 2 of the Finance Act 2016.

This tax strategy applies to all UK taxes applicable to the Group. It will be reviewed annually and updated where appropriate. The tax strategy is effective from 1 January 2024 for the year ended 31st December 2024.

Management of tax risks

The Group’s approach to the tax risk in the UK is based on the following principles:

• To observe applicable laws, rules and disclosure requirements.
• To provide support structures to the key decision makers on tax.
• To identify, manage and control tax risks within the group.
• To apply the most efficient tax approach for transactions undertaken by the group
• To maintain a good working relationship with HMRC.

Attitude to tax planning

The Group’s attitude to tax planning is to ensure it only engages in arrangements as outlined by HMRC and in normal business transactions to ensure it does not affect the reputation of the Group or future working relationships with HMRC. Where there is some doubt external advice will be sought from tax specialists to clarify.

The Group’s tax risks

The Group’s aim is to maintain a low tax risk in the UK by seeking to achieve the following:

• Submission of all UK tax returns on a timely basis, including sufficient detail to enable HMRC to form an accurate view of the affairs of the company filing the return with an adequate supporting audit trail and sign off process.
• Paying the appropriate amount of tax on a timely basis.
• Ensure all tax filing submissions are supported with appropriate documentation.
• Where tax law is unclear guidance is sought from tax specialist to clarify.

Working with HMRC

The Group will comply with all relevant legal disclosure and approval requirements and all information will be clearly presented to HMRC as appropriate. Also in dealing with HMRC, the Group will act in an open, honest and transparent manner as and when required.