For accounting period ending 31 December 2026.
Introduction
This tax strategy sets out the approach to UK taxation of Aluminum Topco European Hostels Limited and all of its direct or indirect UK subsidiaries, and any overseas subsidiaries which have UK permanent establishment status, whether incorporated before or after the date of this tax strategy ("Generator", "the Group", "we" or "our").
Generator is a leading global hospitality group that owns and operates a portfolio of hostels and hospitality assets across several jurisdictions, including the United Kingdom. This strategy has been approved by the Board of Directors and is subject to periodic review.
This strategy is published in accordance with Schedule 19, paragraph 19 of the Finance Act 2016 and is intended to satisfy the Group's obligation to publish its UK tax strategy.
Governance & Risk Management
Generator is committed to maintaining appropriate tax governance and risk management procedures to ensure compliance with applicable tax laws and reporting requirements.
The Board of Directors has ultimate responsibility for overseeing the Group's approach to taxation. Day-to-day responsibility for managing the Group's tax affairs rests with the Chief Finance Officer and Director of Tax, supported by the wider finance team and external professional advisers where appropriate.
The finance team is responsible for implementing procedures and controls designed to identify and manage tax risks, ensure compliance with tax legislation, maintain records, monitor legislative changes and escalate material tax matters where appropriate.
Material tax matters and significant tax risks are reviewed as part of the Group's wider risk management and governance processes. Where specialist expertise is required, Generator engages reputable external tax advisers.
Our Approach to Tax Planning
Generator's approach to tax is aligned with its commercial activities and long-term business objectives. The Group seeks to pay the correct amount of tax at the appropriate time in accordance with applicable laws, rules and regulations.
Generator does not undertake artificial tax planning or enter into transactions without genuine commercial substance. Tax considerations form part of commercial decision making, but do not drive business activity.
The Group may utilise available incentives, exemptions, reliefs and allowances in a manner consistent with both the letter and spirit of the relevant legislation to maintain shareholder value.
Managing Tax Risk
Generator recognises that tax risk forms part of conducting business and seeks to manage that risk in a prudent and responsible manner. In assessing tax risks, the Group considers compliance with applicable legislation, sustainability of the technical position, relationships with tax authorities, financial consequences and reputational impact.
In situations where tax law is unclear or subject to interpretation or Generator does not have the internal expertise to assess a particular tax position, tax advice is obtained from external advisors who have the appropriate technical expertise.
Relationship with HM Revenue & Customs
Generator is committed to maintaining a constructive, cooperative and transparent relationship with HM Revenue & Customs (HMRC).
The Group seeks to make fair, accurate and timely tax filings and disclosures, respond promptly to HMRC enquiries and resolve areas of uncertainty through open dialogue wherever possible.
Approval
This UK Tax Strategy has been approved by the Board of Directors and applies to accounting periods ending within the 2026 calendar year.
It will be reviewed periodically to ensure it remains consistent with the Group's business activities, governance framework and legal obligations.
July 2026