Group UK Tax Strategy

This Statement is prepared in accordance with the requirements of Part 2 Schedule 19, Finance Act 2016 in relation to the financial year ended 30 December 2023. It applies to all companies, both UK and overseas.

Our tax principles

Our business is based on integrity, fairness, respect and good governance.  Our approach to tax is based on the same values.

Securing and maintaining the trust of all our stakeholders, including HMRC, is central to our business. We aim to create long-term sustainable trading growth, and to be a responsible taxpayer.

Our guiding principles for tax are:

  • to comply with all applicable tax laws and regulations in the UK and internationally;
  • to use available tax reliefs in the way that they are intended;
  • to adopt an open, honest and professional approach in our dealings with HMRC; and
  • to work collaboratively with HMRC to resolve any areas of disagreement while ensuring we defend our tax treatment where we consider it is correct in law.

Our tax risk management process


We manage tax risks under the same framework as all other risks in the business (see page 36 of the Group's 2023 Annual Report). The Group does not currently have any principal risks relating to tax.

We check that our tax processes, and the systems and data which they rely on, are efficient and effective in meeting our tax compliance obligations with support from internal audit, who help us periodically monitor that tax processes and controls are operating as intended


Our approach to tax planning

Our approach to tax planning is to make use of tax reliefs which are intended to apply to our commercial transactions in a manner which is consistent with our values and our desire to maintain a low-risk sustainable approach to our tax affairs.

Our approach to tax risk

We are committed to applying the law correctly, and thereby minimising our tax risk. We recognise that tax legislation can be subject to interpretation, so we take independent professional advice when needed to reduce any potential uncertainty as far as we can. If significant uncertainty remains, we consult directly with HMRC to ask for their view. However, if we disagree with HMRC, we are prepared to accept tax risk to maintain the treatment we consider is correct in law.

Our relationship with HMRC

We adopt an open, cooperative and professional working relationship with HMRC (and with other tax authorities wherever we operate). If we disagree with them over an interpretation of the law, we work collaboratively to try to resolve the matter by agreement where possible.

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Business Model and Strategy

Find out more about our business model and strategy, the markets in which we operate and our strategic approach to protect our unique business model and ensure that the business continues to grow.


As a familiar sight across towns and cities in the UK and Europe, our depots are always within easy reach, so a trade professional never has far to travel to find their nearest Howdens. Get to know more about how each one operates.


Our sustainable behaviour is at the heart of our business and enables us to reduce some of our risks. We take great pride in ensuring that our business positively impacts the world around us and the people within it.


We are passionate about supporting the local communities we operate in, which is why our depots and support staff actively seek ways to give something back. Whether it is running half marathons or sponsoring local Scout groups, discover the many ways we help good causes.


With around 80 kitchen ranges, our exclusive Lamona appliance brand, and thousands of products across joinery and hardware, learn why our builders have come to trust the range and quality of the products we offer.

People and Careers

The Sunday Times named Howdens as one of the top 25 big companies to work for. Discover why Howdens is a great place to work, how we develop our people and reward them, whilst building a culture with an entrepreneurial spirit.

Financial Results

Download copies of the latest financial results for Howdens both past and present including the associated presentations and Interim Management Statements released between results announcements.


Howdens is a responsible business which was founded on the tenet that the Company should be worthwhile for all concerned, with a commitment to the people within its reach and the wider world. Here we provide the links to the framework that informs our decisions and outcomes.