MEIC Ltd. is a private limited company founded in 2007 and has grown through its reputation for delivering high-quality projects, within budget and on programme. Since its incorporation, MEIC Ltd. has been committed to a philosophy based on quality assurance, environmental protection and compliance with all Health and Safety Regulations. MEIC Ltd. has undertaken projects with a large number of Local Authorities and also Private Clients in the Food and Pharmaceutical Sectors. Please refer to our Project Gallery for further information. MEIC Ltd. is fully accredited to ISO 9001, ISO 14001 and ISO 45001 for all sectors of our business and consistently strives for continual improvement.
MEIC Ltd. & Mota-Engil Group
MEIC Ltd. is part of the Mota-Engil's Engineering Division, Mota-Engil Engenharia e Construção (MEEC), Portugal's leading construction and engineering service provider. With a turnover of €2.2 billion and a workforce of 28,000 employees, the Mota-Engil Group provides MEIC Ltd. with strong support including financial guarantee and assurance. From the numerous sister companies throughout the group, MEIC Ltd. receives support in terms of top-notch technical knowledge and experience. On this basis, MEIC Ltd. provides an entity with the financial stability of the largest engineering company in Portugal and the technical expertise from projects completed throughout the world. MEIC Ltd.'s strong foundation and excellent track record provide our Client with significant comfort in relation to the stability of our company and the guaranteed standard of quality throughout project completion.
The MEIC Ltd. Principals
- COST-EFFECTIVENESS - Using BATNEEC and Fit for Purpose principals we offer value for money and CAPEX engineering.
- HEALTH & SAFETY FOCUS - The welfare and safety of our employees, our Clients employees and the general public is our prime consideration during the various phases of a contract starting from the design process to facility commissioning and long-term maintenance.
- SUSTAINABILITY & ENVIRONMENTAL FOCUS - Sustainable development and protection of the environment is an integral part of MEIC Ltd.'s focus and culture.
- HIGH QUALITY & PERFORMANCE - MEIC Ltd. are fully committed to delivering a high standard of products and services, and at all times strives to achieve our policy requirements based on continuous improvement and development.
Mota-Engil Group’s UK Tax Strategy:Introduction
This document sets out the Mota-Engil Group’s UK tax strategy in accordance with the requirements enacted in Schedule 19 of the Finance Act 2016. This strategy applies to all UK entities and UK permanent establishments of foreign entities that are part of the Mota-Engil Group (“UK Group”), and will remain in effect until another tax strategy is published.
Risk management and governance arrangements in relation to UK taxation;
The Mota-Engil Group is committed to complying with all the tax laws and obligations in force in the countries in which it operates in, including the UK. This principle is clearly stated in the Group’s Code of Ethics and Business Conduct which, addressing each employee, states that “You must, at all times, abide by all laws, rules, regulations, and professional standards applicable in the country where you are working or in which the Company is operating”.
The Mota-Engil Group operates in a decentralised manner and each UK Group entity is responsible for complying with its tax obligations, which include paying all taxes the entity is subject to in the right amount and at the right time.
This responsibility rests with the management of each UK Group entity, in particular with its Finance Director, who has the executive responsibility for the tax function. The Finance Director is supported by internal tax experts and/ or external tax advisers in the performance of its day-to-day obligations in relation to UK tax.
Where there is uncertainty or complexity regarding the tax treatment of a particular item or transaction, or when a transaction may impact more than one tax jurisdiction, UK Group entities often resort to Group tax experts who are called upon to provide additional input into the decision-making process. Group Tax must also be consulted whenever transactions or decisions under consideration may, given their size or complexity, represent a material tax risk for the Group.
Tax matters, as all other financial information, are reviewed on a regular basis by the Finance Director of each UK Group entity, including during the preparation of interim and annual accounts. Each Finance Director must ensure that financial data is reported in compliance with the standards, principles and procedures in force, as contained in the Mota-Engil Group’s Accounting Policies Manual. Financial data, which includes tax data, is reported, managed and controlled through robust accounting systems and is regularly audited.
Attitude towards tax planning
All transactions entered into by UK Group entities must be based on business objectives and have a clear business purpose or commercial rationale. Any tax planning initiative must be carried out in this context.
As part of their business and commercial operations, UK Group entities can make use of potential tax incentives and exemptions intentionally foreseen in the UK tax legislation.
The priority given to the needs and objectives of the business will in no circumstance override the imperative to comply with all applicable tax laws and regulations.
The level of risk in relation to UK taxation that the Group is prepared to accept;
Given the decentralised nature of the Mota-Engil Group, as well its scale of business and volume of tax obligations, UK Group entities can be exposed to several types of tax risks that can be detailed as follows:
1. Tax compliance risks, which involve risks of compliance failures derived from the late filing or the filing of inaccurate tax returns, the failure to submit claims on due time, or any other tax failure (such as system failure, etc.);
2. Operational tax risks, which arise from any technical or factual inaccuracies, disregard for the tax consequences of business operations, unanticipated changes in tax laws and misinterpretation of complex or unclear tax rules; and
3. Reputational risks that are the consequences of tax exposures that might affect the relations with the entities’ stakeholders.
To that end, UK Group entities consider compliance with the UK tax legislation as paramount to managing the referred tax risks, and are committed to minimising the risk of uncertainty or complexity of the tax law/ business operations, as well as the risk of disputes with HMRC.
Relationship with Her Majesty’s Revenue & Customs (HMRC);
All UK Group entities seek to build and maintain a professional, cordial and transparent relation with officers of HMRC. To this extent, the entities are committed to providing any documentation that may be required by HMRC and to responding clearly and on a timely basis to any requests for information.
Additionally, UK Group entities will seek to work collaboratively with HMRC to resolve any disputes or, when applicable, to obtain certainty in relation to the tax treatment of any key business transactions.