Legal Stuff

Introduction

The tax strategy of HubSpot UK is to pay the correct amount of tax, on a timely basis and to ensure compliance with all applicable tax laws and regulations. Pursuant to section 161 and section 19(2) of schedule 19 of the U.K. Finance Act of 2016, HubSpot is publishing this tax strategy for the financial year ended 31 December 2023. This tax strategy includes the application of U.K. tax laws as they relate to HubSpot United Kingdom.

HubSpot UK’s Approach to Tax and Tax Planning

HubSpot’s overall approach to tax is to ensure compliance with all applicable tax laws, regulations, tax payments, and published practices from tax authorities in the jurisdictions in which they operate.

 The HubSpot UK tax strategy is consistent with the principles of HubSpot’s Code of Business Conduct and Ethics. By following the Code of Business Conduct and Ethics, HubSpot’s employees strive to act as trusted and responsible corporate citizens through full compliance with tax laws and regulations.

Commitment to Compliance

HubSpot UK is committed to compliance with UK tax laws and continues to monitor tax law changes and ensure that the impact of any applicable changes are reflected where appropriate. HubSpot UK is compliant with the payment of all applicable taxes as required by law and practice in those jurisdictions in which it operates. When necessary, HubSpot UK seeks external professional expert advice if uncertainty arises in the application of evolving tax law.

 HubSpot UK has a zero tolerance approach to tax evasion and its facilitation for people acting for or on our behalf.

Arrangement of Tax Affairs

HubSpot UK will consider local tax laws and maximize value on a sustainable basis for its partners and employees when structuring its commercial activities. When undertaking any structuring or tax planning, HubSpot UK will always act in a way that is in accordance with the commercial and economic substance of its activities and has regard for both the letter of, and spirit of, applicable tax laws. HubSpot UK is always mindful of the potential impact of its activities on its reputation and its obligations as a responsible corporate citizen.

Risk Management

As a multinational company, HubSpot faces risks related to tax compliance and reporting requirements in a multitude of jurisdictions; therefore, we work to ensure the tax related policies and procedures HubSpot has in place are compliant with all applicable laws and regulations. HubSpot UK works on an ongoing basis to identify, manage, and monitor risks in order to ensure tax compliance and mitigate risk in the same way as other risk areas in the business do. Where there is significant uncertainty or complexity in relation to a risk, external advice may be sought.

Relationship with HMRC

HubSpot is committed to ensuring a strong working relationship with the UK Authority, HM Revenue and Customs (“HMRC”). In the event that an inadvertent error in submission is made to the HMRC or other relevant tax authorities, HubSpot will ensure proactive, transparent, and timely steps are taken to correct any errors including making any necessary voluntary disclosures and collaborating on necessary remedial action.