UK Tax Strategy

Financial Year Ending: 31 December 2024
Date Published: 15 December 2025

In compliance with Schedule 19, Finance Act 2016

Monex International Markets PLC is part of the Monex S.A.P.I de C.V (Mexico). This policy relates to Monex International Market PLC and all other UK companies within the wider Monex S.A.P.I. de C.V Group (collectively ‘Monex UK’).

In this document we are disclosing the UK Tax Strategy for all UK legal entities.

  • Governance & Oversight

This strategy is reviewed and approved annually by the Board of Directors. Tax governance is integrated into broader corporate governance frameworks, with accountability clearly assigned to senior finance and tax personnel.

  • Tax Risk Management

Monex UK transacts with customers in many countries and accordingly is exposed to a variety of tax risks. We set robust policies and compliance processes, which are kept under review as legislation and circumstances change, to ensure we discharge our tax obligations accordingly.

  • Risk Appetite

We maintain a low tolerance for tax risk and do not engage in aggressive tax arrangements. Tax decisions are taken with full regard to legal obligations, commercial substance, and reputational considerations. Monex UK’s internal governance ensures employees are aware, trained, and committed to a strict policy against facilitating tax evasion.

  • Tax Planning

We use avail reliefs and incentives responsibly in a manner consistent with their intended purpose. All planning is underpinned by genuine commercial rationale and aligned with our business operations.

  • Engagement with tax authorities

We’re pleased to report that we have a very open, cooperative and transparent relationship with HMRC. The Group works with HMRC in real-time in accordance with the principles of the Framework of Co-operative Compliance. When occasional differences of opinion occur, usually concerning the ‘fine detail’ of tax legislation, we seek to maintain a transparent and cooperative relation with tax authorities.

This document satisfies the requirements of Paragraph 16(2), Schedule 19 of the Finance Act 2016.

Download UK Tax Strategy