SS&C is a global provider of investment and financial software-enabled
services and software for the global financial services and healthcare
industries. Founded in 1986, SS&C is headquartered in Windsor,
Connecticut and has offices around the world. Some 13,000 financial
services and healthcare organizations, from the world's largest
institutions to local firms, manage and account for their investments using
SS&C's products and services. SS&C is a publicly traded company on
This tax strategy applies to the SS&C UK entities, which include
Financial Models Corporation Limited and its subsidiaries, in accordance
with Schedule 19, Paragraph 19 of Finance Act 2016.
This tax strategy applies to UK taxes and duties set out in paragraph 15(1)
of the Schedule which includes Corporate Income Taxes, PAYE, NIC, VAT and
Our Approach to Tax Risk Management and Governance
Identification, mitigation and management of risks are central to our
strategy. Tax risks arise due to the complexity of tax legislation and
potential differences in interpretation. We have processes in place to
ensure the integrity of our tax filings and tax compliance obligations in
the UK and worldwide. Our tax processes are subject to the same level of
internal controls, review and external audit as the rest of the business.
We continuously identify and manage risks and opportunities that could
affect the achievement of our business plans and strategic objectives, our
shareholder value and our reputation. Risk management and its governance
thereunder is embedded in our internal controls, which are set by
Our Attitude to Tax Planning and Tax Risk
We are committed to compliance with our tax obligations. We engage in tax
planning that supports our business activities and that has commercial
substance. We aim to ensure that our tax positions in any tax planning
activity are consistent with the underlying economic consequences and
relevant tax law. We seek professional advice from independent external tax
advisors on matters that are technically complex.
Our policies and governance framework operate to ensure compliance with tax
laws and regulations both in the UK and worldwide, and to ensure that we
identify and mitigate tax risks.
Our tax affairs are managed by our Tax Officer and members of the global
tax department with assistance from the entire finance organization.
The UK Boards of Directors also have oversight of the tax strategy in
relation to their legal entities.
Our Approach to Dealing with HMRC
We seek to have a transparent, professional and cooperative relationship
with HMRC based upon mutual trust and compliance. We strive to have regular
meetings with HMRC and communicate significant developments and changes in
our business. We seek to discuss any tax issues that may arise at an early
stage. We aim to respond to information requests in a timely manner and
that relevant information is provided to HMRC. Any inadvertent errors in
submissions made to HMRC are fully disclosed as soon as reasonably
practicable after they are identified.
SS&C regards its publication of this tax strategy as complying with
the duty under paragraph 16(2) Schedule 19 Finance Act 2016 to publish
a tax strategy.