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Tue December 10 2019

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Breedon quits tax haven

22 Aug Construction materials supplier Breedon is moving the tax domicile of the group from Jersey to the United Kingdom next month.

Although Breedon Group will remain incorporated in Jersey, with its registered office in St Helier, for tax purposes it is coming home.

“The board believes that the group gains little benefit from being tax domiciled in Jersey, and bringing the company's tax residency onshore should be more efficient and beneficial from a management perspective,” the company said.

The change takes effect from 1st September 2019.

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