NGK Europe GmbH
D-61476 Kronberg im Taunus
Phone: +49 (0)6173-993-0
Fax: +49 (0)6173-993-170
Represented by the management:
Ryugo Takeda, Ryohei Iwasaki, Shuhei Ishikawa, Hiroharu Kato
General information on the company
Registered office: Kronberg
Trade register: Königstein HRB 5413
MUFG Bank (Europe) N.V., Germany Branch, Düsseldorf
IBAN €,$,¥,zł,Kč: DE15 3001 0700 0000 0230 44
HypoVereinsbank AG (UniCredit Bank AG), Frankfurt am Main
IBAN €: DE51 5032 0191 0004 6558 34
IBAN $: DE23 7002 0270 0875 2270 41
Bank Pekao S.A., Warszawa
IBAN €: PL21 1240 6292 1978 0011 1554 2328
IBAN $: PL19 1240 6292 1787 0011 1554 2214
IBAN zł: PL54 1240 6292 1111 0011 1554 2113
Germany: DE 113 867 699
Belgium: BE 0439 542 236
Poland: PL 5263 124 311
Czech Republic: CZ 684 220 944
This UK tax strategy statement is published by NGK Insulators, Ltd (NGK) for the year ending 31 March 2018 in accordance with Schedule 19 (2) of the UK Finance Act 2016. This UK tax strategy applies to NGK Berylco UK Ltd. and NGK Europe GmbH (UK branch).
NGK is a Japanese headquartered group and was established in 1919 as a spin-off of Noritakes Insulator Division. NGK is organized into three primary business segments: Power business, ceramic products business and electronics business.
Viewing compliance as the foundation of CSR, the NGK Group positions enhancing trustworthiness as the most important initiative and strives to create specific systems to inculcate this view among employees, prevent corruption and comply with laws and regulations. This underpins our approach to UK taxation which is focused on meeting our obligations.
In accordance with the NGK Group Guidelines for Corporate Behaviour, we will abide by the laws and rules of each country and area and will enforce our compliance thoroughly, respecting international arrangements that are applicable to us. Due to the size and nature of our UK business operations, tax compliance activities are outsourced to an external advisor. Compliance disclosures are subject to appropriate internal review prior to submission.
The Board of Directors of NGK delegates responsibility for overseeing accounting and finance activities of its overseas subsidiaries to the leaders of each primary business segment. Day-to-day accounting and finance activities are managed locally at each subsidiary by Financial Controllers with occasional involvement from the President of each subsidiary. Tax matters of significance are escalated to the business segment leaders and Board of Directors as deemed appropriate.
The NGK Group regards compliance as a critical component of risk management. We maintain our low risk appetite by abiding by the applicable laws, regulations, and rules, international arrangements and commercial practices, as well as our internal regulations, etc., and will always act in good faith. We do not perform aggressive tax planning activities. In handling non-routine tax matters we also consult with external advisors to provide specialist advice as appropriate.
Approach to arranging our taxes
The NGK Group does not perform actions that may endanger our level of compliance. For example, we will not create artificial business structures with the objective of reducing our tax costs. However, we do consider tax efficiency among other factors in structuring our business operations. If confronted with options regarding our tax affairs, we favour those with a low tax risk. In addition, we will utilize available tax incentives provided that doing so is in accordance with their intended purpose and aligns to our business objectives. Transactions between NGK Group companies are conducted on an armӳ length basis in accordance with OECD guidelines.
Relationship with HMRC
Although the interaction of our UK businesses with HMRC is generally limited to administrative queries, we will promptly respond to any information requests, acting transparently and on a good faith basis. Our underlying intention is to establish long term relationship with tax authorities based on mutual trust and respect.
31 March 2018
NGK EUROPE makes all reasonable efforts as providing information on this website. NGK EUROPE, however, disclaims all warranties as to the accuracy, safety (to ensure that any function provided on the site will be uninterrupted, error-free, that defects will be corrected, and that the site and the server that makes this site available are free of viruses or other harmful components), fitness for a particular purpose, legality, and so on.
NGK EUROPE bears no responsibility against any damages that may result from accessing or using this site.
Copyright 2013 NGK EUROPE GmbH. All rights reserved. The content including pictures and the design of the NGK EUROPE website are subject to copyright protection and other laws for the protection of intellectual property. No dissemination or alteration of the content of these pages or of the frames or similar measures are permitted. Moreover, these contents may not be copied, disseminated, modified or made available to third parties for commercial purposes.
Copyrights to the KUROKO character appearing on these websites as NGK Insulators, Ltd.’s advertising character belong to NGK and to TYO Inc., Dwarf Division. © NGK, kero/dwarf
The “NGK EUROPE” name, its logos, and its product names used on this site are trademarks or registered trademarks of NGK EUROPE GmbH or NGK INSULATORS, LTD. Other product and company names provided on this website may be the property of respective trademark owners. Any unauthorized use of such trademarks and registered trademarks is strictly prohibited.
The terms and conditions set out below shall form part of the Sales Contract concluded between Seller and Buyer. The terms and conditions shall apply to all subsequent transactions without any need of express reference thereto or agreement thereon at the conclusion of such action.