Gruma Group

Tax Strategy

This tax strategy for the Gruma Group is published in accordance with schedule 19 Finance Act 2016. It sets out the strategy towards UK taxation adopted by the Gruma Group.

GRUMA is a Mexican group that operates in 19 different countries, such as, US, Mexico, Costa Rica, Honduras, Guatemala, El Salvador, Nicaragua, Ecuador, Spain, United Kingdom, Netherlands, Italy, Ukraine, Turkey, Russia, China, Malaysia, Singapore, and Australia where it keeps 79 plants dedicated to production and commercialization of corn flour, under MASECA brand, as well as flatbreads, tortillas, chips and other products corn derivatives, under Mission Brand.

Specifically, Gruma operates in the UK under the Mission Foods brand name as well as supplying a range of flatbreads, tortilla chips and Mexican meal kits under a variety of own label names.

Paying its Fair Share
All Gruma businesses and companies that operate within the UK are registered for taxation in the UK and pay UK tax in full on their total profits and gains.

How Gruma Manages its Tax Risks
The European Finance Director has overall responsibility for tax matters within the Gruma Group in the UK. He is supported by the UK finance team at the UK Plants. Each plant of the business has its own finance team which reports to the European finance team. In addition, Gruma has a tax department which reviews tax submissions from an overall world perspective and offer support to all of the managers in each country in decisions with tax implications.

The preparation of corporation tax returns is outsourced to an appropriately qualified accountancy firm and reviewed by Gruma employed accountants prior to submission.

The European Finance Director communicates with and advises the Board on the tax affairs and risks of the Group within Europe.

Gruma Groups’ attitude to tax planning and tax risk
In the countries described previously, GRUMA established its subsidiaries where they reside for fiscal purposes and pay taxes according with conditions stipulated in local legislations. None of the entities of GRUMA group are considered fiscally transparent so, all of them are taxpayers of the income tax in its country of residency.

GRUMA group do not perform operations which main objective is to reduce or erode the taxable profit of its legal entities, nor transfer from them profits to jurisdictions with territorial tax regimes or with a low tax rate.

The international tax policy of GRUMA group is to comply with the tax obligations correctly and honestly, within legal framework, as well as avoiding aggressive or uncertain tax positions.

Working with HMRC
Gruma is open and honest in its dealings with HMRC. The Head of UK Finance will keep HMRC informed of any developments in the business.
Any inadvertent errors will be reported to HMRC promptly and with full disclosure.