Tax Strategy for the United Kingdom

Precisely Software Incorporated (“Precisely”) is a software company specializing in data integrity tools, and also providing big data, high-speed sorting, ETL, data integration, data quality, data enrichment, and location intelligence offerings.

Precisely is headquartered in the US, but it also operates internationally, including in the UK. Precisely is publishing this strategy statement on behalf of its UK subsidiary, Precisely Software Limited (“Precisely UK”), in relation to its approach to conducting its tax affairs and managing tax risks in the UK.

This statement is made pursuant to the requirements outlined in Schedule 19 of the UK Finance Act 2016 for the financial year ended 31 December 2025.

Specifically, given the alignment in the management of Precisely’s UK tax strategy detailed below, Precisely considers that this tax strategy covers the duties of Precisely UK under Paragraph 19, Schedule 19 of the UK Finance Act 2016.

This strategy is updated annually and ratified annually by the board of directors of Precisely UK.

Introduction

Precisely UK is majority owned by Precisely, a US privately held corporation. Precisely UK’s tax strategy is based on established policies, procedures and controls to ensure compliance with all applicable UK tax legislation. Precisely UK is committed to ensuring that it pays the appropriate amount of UK tax, and that its UK tax returns and payments are accurate and made on time.

Precisely’s approach to UK tax risks

Precisely promotes a culture of risk management and implements good risk management procedures. Precisely identifies, assesses, and manages tax risks and accounts for them appropriately.

Precisely employs experienced global finance and tax teams, which have established processes compliant with HMRC tax requirements. The Precisely tax team is responsible for the day-to-day management of UK tax compliance, planning and reporting.

Precisely UK engages outside advisers to provide additional assistance with tax compliance, including where the tax treatment of transactions is uncertain or complex.

Tax planning

Precisely’s internal tax team advises the business to ensure they are supported and informed of potential tax costs, benefits, and risks of proposed transactions and ensure Precisely is compliant with UK tax laws. All transactions have an underlying commercial substance and any related tax planning arrangements are in line with its tax strategy and low tax risk tolerance. Precisely does not engage in tax planning that lacks an independent business purpose. We will, however, claim properly available allowances, deductions, reliefs, credits and incentives in conjunction with our tax strategy.

In accordance with OECD guidelines, all intercompany transactions with Precisely UK are conducted on arm’s length principles.

Tax risk appetite

Precisely UK monitors operations, tax structures and arrangements to ensure compliance with UK tax laws and regulations. This also ensures that Precisely UK identifies, assesses, and mitigates UK tax risks effectively. Precisely UK aims to lower risk by engaging outside advisers to provide additional assistance with tax compliance, including where the tax treatment of transactions is uncertain or complex.

Precisely UK does not implement or utilize any aggressive or marketed tax avoidance strategies or artificial structures.

Working with HMRC

Precisely engages with tax authorities in a professional, cooperative manner. Precisely UK is committed to complying with all UK statutory obligations, filing requirements, and tax disclosures required by HMRC. Precisely UK resolves any disputed matters through pro-active, collaborative, and transparent discussion with HMRC.