Social enterprise Unlimited Potential has been re-accredited for the Fair Tax Mark, demonstrating that it is proud to pay its fair share of tax and achieve the highest standards of transparency.
In order to achieve the Mark, Unlimited Potential, which specialises in social innovation for happiness and works to help people lead healthier, more fulfilled lives, opened up its accounts to external scrutiny, improved its tax reporting and published a full tax policy, which includes a commitment to paying the right amount of tax at the right time, in the right place.
As an organisation that works to improve lives in communities, and that partners with local government and health and care organisations, supporting the growing number of businesses standing up for Fair Tax seemed like a natural decision to take. It was the first Salford-based business to gain the Fair Tax Mark.
David Cummins, Chair of Unlimited Potential, said: “We want local people and our customers to know that we take an open and responsible approach to tax. We are proud of having the Fair Tax Mark and increasing our assessment score this year, as it shows that Unlimited Potential pays our fair share at the right time and in the right place. We hope that it will help us stand out, but also want to encourage others to join us.”
Jaime Boswell, Head of Accreditation at the Fair Tax Foundation said: “We are delighted that Unlimited Potential has once again secured the Fair Tax Mark accreditation. This social enterprise continues to be very open and transparent when it comes to its income taxes, by publishing additional tax disclosures in its annual financial statements and explaining the results in a user-friendly way. Unlimited Potential also has a public tax policy which commits the Society to shun aggressive tax avoidance and for it to operate within both the letter and spirit of the law.”