The Group's core business is as an online retailer trading worldwide through a number of domains under two brands. The Wiggle brand specialises in tri-sport (cycle-run-swim) and road cycling products to inspire everybody, everywhere to experience the joy of sport. The business offers a wide range of cycle, run and swim products (equipment, clothing, accessories and sports events). Chain Reaction Cycles (“CRC”) focuses on mountain biking and down-hill cycling whilst also offering road bike equipment. The Group services customers across the globe from its operating facilities in the UK.
WiggleCRC is committed to complying with tax laws in a responsible manner and to having open and constructive relationships with tax authorities.
Therefore, and in compliance with duties outlined under paragraph 22(2) of Schedule 19 of the Finance Act 2016, the following sections set out WiggleCRC’s position in relation to tax in the UK and represents how tax is undertaken within the business during the financial year to 27 December 2020.