LF Europe Limited ("we", "us", "our" or "LF Europe") of registered office Centenary House, Centenary Way, Salford, Manchester, M50 1RF is committed to protecting and respecting your privacy and data protection rights.
LF Europe is part of the Li & Fung Group and is registered as a data controller with the Information Commissioner's Office ("ICO") with registration number 01182994.
This policy sets out how we will process the personal data that we collect about you through your use of our website www.lfeurope.com (the "Website") in accordance with applicable data protection laws (including Regulation (EU) 2016/679 known as the General Data Protection Regulation (or "GDPR") and the Data Protection Act 2018 (the "Act") and your rights under such laws.
Please read this policy carefully to understand our practices regarding how we treat your personal data. For further information, please contact our Data Protection Officer at email@example.com.
INFORMATION WE PROCESS ABOUT YOU
"Personal data", or personal information, means any information that can personally identify you, such as your name, address and contact details.
We may collect and process the following personal data about you connected to your use of the Website:
We do not collect any special categories of personal data about you (for example details about your race or ethnicity, religious or philosophical beliefs or health information) nor any information about criminal convictions and offences.
WHY WE PROCESS YOUR INFORMATION
We use the personal information that we collect about you through your use of the Website in the following ways:
OUR LAWFUL GROUNDS
We process the personal data collected through your use of the Website for our legitimate interests, namely to improve your experience of our Website and to remember your preferences. Where we process your personal data for the purposes of communicating with you we have legitimate interests in providing you with excellent customer service which includes sending you content and information that we feel will be of interest to you or that you have requested.
When you subscribe to our blog we rely upon this consent in order to process your email address to notify you of updates. Please note that you have the right to withdraw consent at any time by contacting us firstname.lastname@example.org or by unsubscribing by clicking on the link contained in our blog update email. If you withdraw your consent this will not affect the lawfulness of any processing previously undertaken based upon consent.
Your personal data may also be used for other purposes for which you give your permission, for example, in order to conduct surveys or research. We may also use your personal data when required by law or otherwise where lawfully permitted.
HOW LONG DO WE KEEP YOUR PERSONAL DATA
If you contact us through our Website but do not become a business customer or supplier we will delete your personal data after three years of your first communication. If you do become a business customer or supplier we will retain your information up to a maximum period of six years from the end of our relationship with you. We retain information in accordance with our Data Retention Policy.
STORING AND SHARING YOUR INFORMATION
We may share your personal information within the Li & Fung group to ensure that your enquiry is dealt with by the appropriate entity. This may involve transferring your data outside the EEA, for example, as our head office is located in Hong Kong. In respect of such transfers we rely upon our international data sharing agreement which incorporates model contractual clauses to protect the transfer of personal data outside the EEA.
We may also disclose your personal information to third parties:
We require all third parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our third-party service providers to use your personal data for their own purposes and only permit them to process your personal data for specified purposes and in accordance with our instructions.
You have specific rights under Data Protection Laws in respect of the personal data we process about you. If you seek to exercise your rights we will explain whether or not the right applies to you. Please be aware that if your request is manifestly unfounded or excessive we may refuse to deal with your request or charge a reasonable fee for dealing with it.
Your rights include:
Please contact us at email@example.com if you would like to exercise any of your data protection rights or if you have any queries in respect of your rights.
We may collect information about your device, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.
Cookies may be either "persistent" cookies or "session" cookies: a persistent cookie will be stored by a web browser and will remain valid until its set expiry date, unless deleted by the user before the expiry date; a session cookie, on the other hand, will expire at the end of the user session, when the web browser is closed.
Cookies can be used by web servers to identify and track users as they navigate different pages on a website and identify users returning to a website.
The table below provides more information about the cookies we use and why:
Name of cookie
Purpose of the cookie
_gatDoubleClick: id, ide, gad, gads
This cookie distinguishes users from each other
This cookie distinguishes users from each other
This cookie stops too many users from accessing the website
|YouTube||Embedded videos from YouTube channels using YouTube’s privacy-enhanced mode. This may set cookies on your computer. YouTube does not store personally identifiable cookie information for playbacks and embedded videos using its privacy-enhanced mode.|
|exp_last_activity||Website Functionality: Used to determine expiry|
|exp_tracker||Website Functionality: Redirection after certain actions|
|exp_stashid||Website Functionality: Security|
If you have a complaint relating to data protection please contact firstname.lastname@example.org or write to us at LF Europe Limited, Centenary House, Centenary Way, Salford, Manchester, M50 1RF.
Alternatively, you can complain to our supervisory authority, the ICO by telephoning 0303 123 113 or writing to Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF. Further details can be found at www.ico.org.uk.
For further information on this policy, please contact our Data Protection Officer at email@example.com.
The Website may, from time to time, contain links to and from the websites of our advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.
This version was last updated on 01/10/2018.
Li & Fung Limited specialises in the management of global supply chain for brands and retailers around the world. The customers of the group include department stores, hypermarkets, specialty stores and chain shops located globally.
The purpose of this document is to provide an overview of the approach to tax of the Li & Fung Group.
This tax strategy document is published in accordance with Schedule 19 of the UK Finance Act 2016 by Li & Fung Limited in respect of all the UK entities within the Group (“Li & Fung” or “UK Group”). This document has been approved by the directors of the UK Group and will be reviewed and where necessary, updated, on a periodic basis.
Approach to Tax and Tax Governance
Li & Fung’s approach to tax is based on compliance with our reporting requirements and adherence with the relevant tax laws and regulations to pay the correct amount of tax, making use of government offered reliefs where applicable, with a view to deliver value to our shareholders.
The following covers Li & Fung’s (A) Governance towards compliance and reporting (B) Attitude/approach towards tax planning and risk management and (C) Approach towards working with HMRC.
Governance towards Compliance & Reporting
In accordance with Li & Fung’s Code of Conduct and Business Ethics, employees are required to ensure all transactions are properly included in the books and records. All accounting information must be reliable so that it can be used for preparation of financial statements, statutory audit and other compliance purposes.
As a major subdivision of a Hong Kong listed company, the UK Group are well aware of the importance of compliance with the relevant tax laws, obligations and tax practices regarding the tax filing and payment of taxes.
The UK Group engages with professional tax advisors to ensure tax compliance. In addition to our own research and training, we expect our professional advisors to ensure the UK Group are kept fully informed of the latest development of tax regulations and to ensure all transactions, as well as tax returns, are compliant with the relevant laws and regulations.
The Senior Accounting Officer (“SAO”) and local finance team in the UK, which is made up of appropriately qualified individuals, are responsible for the tax compliance matters of the “UK Group”, and have implemented controls and processes to manage this process. The tax matters of the “UK Group” are closely monitored and scrutinised by the Corporate tax team in Hong Kong, which comprises of experienced tax professionals. Major tax issues are also discussed and addressed during Audit Committee meetings.
The Group’s Attitude/Approach towards Tax Planning and Risk Management
Li & Fung does not implement aggressive tax planning where the sole or dominant purpose is to obtain a tax benefit. Business structures and transactions are planned and designed to reflect the commercial requirements and cater to the operational needs of the group, although tax efficiency may also be taken into account as part of the planning/design process.
As the group has strict governance on compliance and reporting, the “UK Group” is not permitted to take material tax risks or expose the Global Group to uncertain tax positions. As such, whenever the group deals with any significant transactions or when they experience uncertain tax positions, the “UK Group” seeks advice from professional tax advisors and obtains consent from the Corporate office in Hong Kong.
The Group’s Approach towards Working with HMRC
The “UK Group” seeks to maintain an open and honest relationship with HMRC, in particular with our allocated Customer Relationship Manager (“CRM”). The SAO and local finance personnel regularly meet with the CRM to update HMRC on the latest business developments and key transactions of the “UK Group”.
Where there is uncertainty in the interpretation of tax regulations and other questions relating to current tax practices, we take advice from professional advisors, and where appropriate, seek advice from HMRC to gain certainty on the approach taken.