Fair Tax Mark

The Fair Tax Mark is an independent accreditation awarded after an assessment based on "Transparency [and] tax rate, disclosure and avoidance"... As of January 2016, it is applicable to UK businesses. The process of assessing a company for the mark is intended to be initiated by the company that wants the mark.

The mark is awarded by the company Fair Tax Mark Limited, an industrial and provident society incorporated 18 February 2014, company number IP032308. The Tax Justice Network assisted in raising initial funding, and it is supported by a number of other organisations including the Public and Commercial Services Union. Before the present company was formed an "earlier incarnation" undertook a pilot study in June 2013.

The company refers to itself as a non-profit community benefit society and say that they "are a hybrid organisation that raises money through commercial activities (licensing the mark) but also raises money through grant fundraising and individual donations.".

In their directors' report in their financial statements for the period ending 31 December 2014, Fair Tax Mark Limited committed themselves to paying taxes "in accordance with the spirit of all tax laws" and not to use options, allowances, or reliefs, or undertake specific transactions, "that are contrary to the spirit of the law".

Free assessments for 25 small businesses were offered by Fair Tax Mark subject to qualifying criteria with entries to be submitted prior to 31 January 2015. As of March 2017, 25 companies had been awarded the mark, including SSE plc, the first FTSE100 company to achieve the mark. Other notable awardees include Go Ahead Group (FTSE 250), Lush Cosmetics and The Co-operative Group. The target is for at least 350 companies to be awarded Fair Tax Marks in the first 3 years to 28 April 2017.

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