Here at Revolver, we are proud to be part of the Fairtrade foundation – reinvesting 25% of profits back into our farmers and their communities. We are a coffee co-operative, meaning profit goes to members – not shareholders. We don’t have shareholders, just members and like producers you can take part by joining our society & have your say. Our members include Coop Tarrazu in Costa Rica, one of Costa Rica’s oldest Coffee Cooperatives.
Revolver Co-operative is committed to paying our fair-share of tax. We make a commitment not to abuse the tax system by utilising tax havens through transfer-pricing, or undertake tax avoidance schemes.
We are committed to paying all the taxes that we owe in accordance with the spirit of all tax laws that apply to our operations. We believe that paying our taxes in this way is the clearest indication we can give of our being responsible participants in society.
We will fulfil our commitment to paying the appropriate taxes that we owe by seeking to pay the right amount of tax (but no more), at the right rate, in the right place at the right time. We aim to do this by ensuring that we report our tax affairs in ways that reflect the economic reality of the transactions we actually undertake in the course of our trade.
What we will not ever do is seek to use those options made available in tax law or the allowances and reliefs that it provides in ways that are contrary to the spirit of the law. Nor will we undertake specific transactions with the sole or main aim of securing tax advantages tat would otherwise not be available to us based on the reality of the trade that we undertake. As a result the company will never undertake transactions that would require notification to HM Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonable anticipated that the UK’s General Anti-Abuse Rule might apply.
We believe tax havens undermine the UK’s tax system. As a result whilst we will trade with customers and suppliers genuinely located in places to secure a tax advantage, and nor will we take advantage of the secrecy that many such jurisdictions provide for transactions recorded within them.
Our accounts will be prepared in compliance with tis policy and will seek to provide all that information that users, including HM Revenue & Customs, might need to properly appraise our tax position. We will review this policy with our accountants annually to ensure that it is complied with.
Living Wage Policy
We are delighted to be Living Wage Foundation organisation, not to be confused with the National Living Wage, which is paid at a substantially lower-sum. In Costa Rica for instance, where minimum wage is in operation, our member Coop Tarrazu ensures that itinerant workers (used to bring in the coffee harvest and who come in for Nicaragua and Ecuador) are also paid Costa Rica’s minimum wage and many pickers earn substantially above the minimum threshold.
Currently no directors are paid within Revolver Co-operative. It is completely voluntarily run, with directors paying their own expenses. There are no bonus schemes or commissions paid, and the reasons behind this is as a social enterprise, we come together to make a difference to the market we are engaging in, and we feel the best way to demonstrate that is by our own commitment. If there are changes to directors pay, it will be under this heading that any changes will be announced on the website.