Tax Strategy

This is our tax strategy for the financial year to 31 December 2025, published in December 2025.

On this page
Vida’s Tax Risk Appetite Vida’s Approach to Tax Risk Management and Governance Vida’s Attitude to Tax Planning Vida’s Approach to Its Dealings with HMRC

We intend its publication to fulfil our obligations under Paragraph 16 ( 2 ) Sch 19 FA 2016. This tax strategy applies to Vida Group Holdings Limited and its subsidiaries (known as “Vida Bank” or “the Group”).

Vida Bank is a UK-based specialist bank offering mortgage solutions and competitive savings products. The Bank is committed to maintaining the highest standards of corporate governance, transparency, and accountability, ensuring full compliance with all statutory obligations under UK tax legislation. Vida Bank operates under the regulatory oversight of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

Vida Bank has adopted HMRC’s Code of Practice on Taxation for Banks and adheres to its four key principles:

  • adequate governance to control the types of transactions entered into;
  • no tax planning that aims to achieve results contrary to Parliament’s intentions;
  • transparent relationship with HMRC; and
  • full compliance with all tax obligations.

This strategy applies from the date of publication until it is superseded. References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule. This comprehensive scope ensures that all tax-related activities across the Bank are governed by consistent principles and controls.

Vida’s Tax Risk Appetite

The Group maintains a low tolerance and appetite for tax risk and is committed to ensuring robust tax compliance across all areas of the business. This means that the Group seeks to identify, assess, and manage tax risks proactively, applying appropriate governance and controls to minimise exposure.

Vida’s Approach to Tax Risk Management and Governance

Tax risks are monitored through Vida’s Enterprise Risk Management Framework using the three lines of defence model.

Specifically, Vida manages tax risks under three key areas:

  • Reputational risk, which concerns meeting customer and employee expectations on tax responsibilities;
  • Compliance risk, related to timely and accurate tax filings and payments to avoid penalties;
  • Transaction risk, which involves properly understanding tax implications of new products, acquisitions, or sales.

The Audit Committee oversees the tax policy, with the CFO holding executive responsibility, supported by the Finance Director and the Financial Controls team. External tax advisers are engaged as needed to ensure compliance and proper implementation of tax policies.

Vida’s Attitude to Tax Planning

Vida does not engage in aggressive or complex tax planning.

We do not enter into abusive tax planning arrangements. Our low-risk tax strategy is consistent with our adoption of HMRC’s Code of Practice on Taxation for Banks and any tax planning is done in accordance with the Code.

We do not promote aggressive tax planning arrangements to our customers.

Vida’s Approach to Its Dealings with HMRC

Vida is committed to maintaining a transparent and constructive relationship with HMRC:

  • communications with HMRC are open and proactive;
  • relevant facts and risks are disclosed as required and early agreement or clarification is sought where there is uncertainty; and
  • queries and information requests are responded to in a timely and professional manner.