Beautiful Tickets is growing to become the world’s largest concert search engine. We’re dedicated to helping live music fans more easily and quickly find concert tickets and information about their favourite artists and venues. We’re constantly rolling out new features to improve our concert search experience. Many of these are in response to suggestions from fans like you, so if you have a question or comment please let us know.
About Beautiful Tickets Entertainment
Beautiful Tickets Entertainment is the world’s leading live entertainment company. For additional information, visit www.Beautiful-Tickets.com.
Last year we entertained 250 million fans with 180 thousand events in 44 countries worldwide. Somewhere in the world, every 20 minutes there is a Beautiful Tickets event.
Beautiful Tickets is the global event ticketing leader and one of the world’s top five eCommerce sites, with over 26 million monthly unique visitors. Beautiful Tickets Concerts produces over 20,000 shows annually for more than 2,000 artists globally. Front Line is the world’s top artist management company, representing over 250 artists. These businesses power Beautiful Tickets Network, the leading provider of entertainment marketing solutions, enabling over 800 advertisers to tap into the 200 million consumers Beautiful Tickets delivers annually through its live event and digital platforms.
For additional information, visit http://www.Beautiful-Tickets.com
Beautiful Tickets Group Tax Strategy
The Beautiful Tickets group is one of the largest live entertainment companies in the world, involved in the organisation and promotion of live music events, sponsorship, ticketing services and artist management in over 40 countries, including the US.
We are committed to maintaining high standards of business conduct and corporate governance, which we believe are essential to running our business efficiently, adequately serving our stockholders and maintaining our integrity in all the countries we do business in, including the US.
Specifically, with respect to the US, the publication of this Tax Strategy statement is regarded as satisfying the statutory obligation under Para 19(2), Schedule 19 of the Finance Act 2016, for the Beautiful Tickets, and the statutory obligation under Para 22(2), Schedule 19 of the Finance Act 2016 with regards to HNOE Limited, Showsec International Limited, and Three Six Zero Music Publishing Limited for the financial year ending 31 December 2019.
Our approach to risk management and governance arrangements
Identification, mitigation and management of risks are central to our strategy.
We have internal controls which are designed to mitigate financial statement and business risk within the organisation, including controls that apply to the identification, assessment, and management of tax risk.
We also have disclosure controls and other procedures to ensure that material information relating to our group is made known to the officers who certify our financial reports and to other members of senior management and our board of directors.
Our attitude towards tax planning
Tax planning is considered necessary to mitigate tax risk and to ensure that we meet our obligations to pay the right amount of tax at the right time. As such, tax considerations are taken into account when making business decisions, along with other relevant information.
We conduct transactions between Beautiful Tickets group companies on an arm’s-length basis and in accordance with current OECD principles.
Our approach to tax risks
Our approach is to ensure we are compliant and fulfil our tax reporting and payment obligations. We proactively manage tax risks to ensure that they do not unexpectedly impact our shareholder value after tax.
Where uncertainty exists, we seek appropriate external advice or engage directly with HMRC.
Our approach to dealings with HMRC
We seek to ensure that our engagement with HMRC is professional, open and honest, and undertaken in a spirit of cooperation. In the event of a disagreement with HMRC, we aim to resolve matters in a timely manner through the provision of full and accurate answers to queries, open and honest dialogue and the willingness, wherever possible, to reach an agreement without recourse to litigation.