Legal Notes / Disclaimer

Legal Notes

Terms of use/Disclaimer

Whilst we took every possible care when we designed this website, ElringKlinger can not guarantee that it is current, correct or complete or be held responsible for the information provided therein. All information on this website is provided without any obligation whatsoever and ElringKlinger does not give any assurances or warranties, explicitly or implicitly, of any kind. ElringKling rejects any liability, unless acceptance of such a liability is obligatory due to malicious intent or gross negligence or is founded in law.

ElringKlinger reserves the right to change, to amend or delete parts of pages or the whole content of the website without giving prior notice or to close it down temporarily or permanently, and is under no obligation to update the content of the website.

Third party owned websites and their content that may be accessed by hyperlink from our website are not within our control and influence, and by placing a link on its website, ElringKlinger does not take on any responsibility for such third party websites and their content. The content of all linked sites remains the sole responsibility of their owner or operator. ElringKlinger does not accept any responsibility for the content of third party sites. At the time of placing a link, all linked sites were reviewed for possible infringement. Permanent control of the content of linked sites without concrete indications of infringement would be unreasonable. Whenever infringements become known, all concerned links will be removed immediately. Links to third party websites are used at the sole risk of the person doing so and any liability for damage from accessing third party sites is explicitly excluded.

This homepage contains forward-looking statements. These statements are based on expectations, market evaluations and forecasts by the Management Board and on information currently available to them. In particular, the forward-looking statements shall not be interpreted as a guarantee that the future events and results to which they refer will actually materialize. Whilst the Management Board is confident that the statements as well as the opinions and expectations on which they are based are realistic, the aforementioned statements rely on assumptions that may conceivably prove to be incorrect. Future results and circumstances depend on a multitude of factors, risks and imponderables that can alter the expectations and judgments that have been expressed. These factors include, for example, changes to the general economic and business situation, variations of exchange rates and interest rates, poor acceptance of new products and services, and changes to business strategy.

German law shall apply. Venue shall be – as far as legally permissible - Stuttgart.

Copyright and intellectual property

Texts, photos, graphics, audio material, video sequences and animated files, including their design are subject to copyright law and other laws protecting intellectual property. The complete or partial reproduction, dissemination, transmission, modification or use of the website (electronically, digitally or in any other way) for public or commercial purposes, including their incorporation in other websites, requires the prior consent of ElringKlinger. This applies particularly to all property rights, including, but not limited to brands, registered designs, patents, trademarks, brand names, type labels, company logos and emblems in the possession of ElringKlinger. This website does not in any way constitute a license for the use of intellectual property of ElringKlinger or third parties.

We explicitly want to point out that photos shown on our website may be subject to intellectual property rights of third parties.

[EK UK tax strategy]

The ElringKlinger Group is a worldwide development partner and original equipment supplier of components to almost all of the world’s vehicle and engine manufacturers. The Elring Klinger Group within the UK consists of three direct subsidiaries to Elring Klinger AG the group parent company.

Elring Klinger (GB) specialises in the design and manufacture of speciality gaskets from both soft and hard materials, as well as producing high quality sealing solutions for engine, transmission and exhaust applications and manufacturing heat shields both for engine bay and under body.
Elring Parts Ltd is a distribution company which stocks and supplies parts manufactured within the group to the automotive industry.

 HPP (UK) designs and manufactures hybrid transmissions and E-Mobility solutions for supply to the automotive industry.
This tax strategy applies to all UK taxes applicable to the UK Group and addresses the following criteria:

• The level of UK tax risk acceptable to the UK Group
• Approach to risk management and governance in relation to UK taxation
• Attitude towards tax planning
• Approach to dealing with HMRC

It is considered that this publication meets the requirements of the Finance Act 2016 to publish its UK tax strategy.

The UK Group’s level of acceptable tax risk

The Group-wide ElringKlinger Code of Conduct offers guidelines and standards for the behaviour of all staff. It expects that all employees of the Group will observe all applicable legal regulations and company guidelines, including tax laws in their local territories.

The UK part of the Group is a comparatively small part of the wider Group, and the tax risk associated with the Group’s operations in the UK is considered relatively low. We review our tax risks regularly, taking into account the interests of our various stakeholders and working to ensure that we identify, analyse and mitigate risks to a low level. Our overarching policy is to comply with all legislative requirements, to make use of reliefs where these are available to the business in the normal course of operation and ultimately to pay the right amount of tax at the right time.

Approach to risk management and governance

The Directors and local management teams have overall and ultimate responsibility for taxation risks in relation to the UK Group companies.

Tax risks arising from day to day transactions are managed by each local finance team.  Each UK finance team have responsibility for managing tax risks arising from day to day transactions, and also place reliance on their own internal accounting systems and controls which have been put in place to enable to identification and management of key tax risks. The finance staff at each site have the relevant experience, training and qualifications to manage such risks appropriately.

Internal and external auditing is frequently carried out to assess risks arising from tax. The UK Group will also seek external advice from professional advisors where appropriate to help identify and quantify tax risks and support decision making in relation to managing those risks.

Attitude to tax planning

Our policy is to operate with openness and transparency in our corporate affairs. We seek to support the commercial substance of the business and do not implement any tax measures which are artificial or which are not in line with the underlying commercial operation of the business. The ElringKlinger Group believes in operating fairly, honestly and always in line with the spirit of the law in the territories that it operates in. The UK is no different.

The UK Group will seek to engage the advice of professional advisors to ensure that its tax affairs comply with all current tax legislation, including in relation to its annual compliance matters.

Approach to working with HMRC

We seek to operate openly, honestly and with full transparency with the UK tax authorities. This includes providing relevant information as required by UK law on time and when requested by HMRC. Where relevant, the UK Group will seek to agree clearance with HMRC in advance of undertaking transactions.