Introduction and Scope
Huntington Ingalls Industries, Inc. (“HII”) is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. We conduct most of our business with the U.S. Government, primarily the Department of Defense (“DoD”) in the United States. HII is aligned into three reportable segments: Ingalls, Newport News Shipbuilding, and Technical Solutions.
As prime contractor, principal subcontractor, team member, or partner, we participate in many high-priority U.S. defense technology programs. Ingalls includes our non-nuclear ship design, construction, repair, and maintenance businesses. Newport News includes all of our nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. We also provide a wide range of professional services, including fleet support, integrated missions solutions, nuclear and environmental, and oil and gas services through our Technical Solutions segment.
HII sets out below its group’s principles that govern the UK tax affairs across all HII Group companies in accordance with Paragraph 16, Schedule 19, Finance Act 2016. This strategy applies from the date of its publication until it is superseded.
Governance
The Director of Tax oversees tax strategy, tax compliance and tax risk management, reports directly to the Vice President of Finance and annually reviews the status of significant tax matters with senior leadership. The Director of Tax also leads the Corporate Tax team, which is responsible for the day-to-day management of the tax affairs of the company, including the tax affairs outside of the US, including the UK. The Corporate Tax team is staffed with appropriately qualified and experienced individuals.
Attitude Towards Tax Planning
该公司的目标是完全遵守其经营的每个司法管辖区，并按时支付正确的税款。HII根据合理的商业原则结构其事务，并且不进行积极的税收计划。在确定是否可以接受税风险时，采用“更有可能”的方法。公司在存在资源限制，专业指导要求或应付税款可能是主观的情况下寻求外部建议。
Risk Management and Level of Risk
The company operates a group wide risk management framework, with comprehensive policies and procedures, which encompasses the overall internal control framework as required by the Sarbanes-Oxley Act, and includes the management of tax risks. The company regularly reviews and monitors the controls in place and will make changes where required. The company provides appropriate training to both the individuals in the Corporate Tax team and the wider business where applicable. In addition, all employees of the company are required to comply with the Code of Ethics and Business Conduct (“Code”) and certify annually their understanding of and compliance with the Code. The Code requires all employees to comply with applicable laws and regulations and to ensure the integrity of their actions and decisions, as well as those who act on the company’s behalf.
Working with HMRC
We believe that a transparent relationship with HM Revenue and Customs (HMRC) that is constructive and built on mutual respect with open lines of communication is vital to the success of our business. We provide full disclosures in the submissions of tax returns and in all correspondence with HMRC.