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NatWest Group is committed to the responsible management of our worldwide tax affairs including a compliant approach to tax law in a transparent manner
The approach we take to our tax affairs and management of tax risk can be found in our Tax Strategy here:
We adopt the following approach in relation to our tax responsibilities:
These charts show the different taxes we paid globally and in the UK in 2022 as well as the taxes paid analysed by geographical region.
Over recent years we have reduced our operations overseas and have increasingly focused on our banking activities in the UK. As can be seen from the charts above the majority of our taxes are paid to the UK Tax Authorities. We set out below more information on the taxes that we paid in the UK during 2022, which are used by the Government to support spending for the benefit of our wider society.
To view our historic tax reports, please visit the downloads section.
During 2020 the tax authorities in Poland introduced a requirement for Polish taxpayers with turnover in excess of Euro 50 million to publish an annual report on the execution of their tax strategies. By law the report must include details of the tax processes and procedures executed during the year to manage the taxpayer’s Polish tax obligations, as well as other tax related information such as transactions with related parties, tax rulings applied for in Poland and the number of Mandatory Disclosure reports submitted in Poland.
National Westminster Bank Plc Poland Branch began to be in scope of these requirements for the accounting period ended 31 December 2021 and their report for this period is published below. The report has been prepared in Polish (as required by Polish law) and English: