Tax Strategy

HistoCyte Laboratories Limited

Tax Strategy for the year ended 31 December 2023



HistoCyte Laboratories Limited (the “Company”), is a UK-registered company whose principal activity is the development and supply of cell-based Quality Control materials for use in Immunohistochemistry and in situ hybridisation.

The Company is ultimately controlled by Investor AB, a Swedish company.

This document sets out the strategic tax objectives of HistoCyte Laboratories Limited and satisfies its requirement to publish its tax strategy under Schedule 19 of the Finance Act 2016.


Management of tax risk

HistoCyte Laboratories Limited is committed to paying the correct amount of tax under the laws and regulations of UK tax legislation. It uses professional advisors to support its tax affairs and ensure that tax risks are mitigated appropriately.


Attitude towards tax planning

The Company’s tax affairs are relatively simple and it does not engage in any aggressive tax planning. It seeks to be tax efficient and ensures that any planning is based on sound commercial principles but will show respect at all times for the intention and spirit of the law, as well as the letter of the law.


Accepted level of risk

The Company takes a conservative approach to its tax affairs and works closely with its professional advisors to fully comply with tax law and minimise any tax risk.


Approach to dealing with HMRC

The Company is committed to working with HMRC with honesty, integrity and timeliness. It also endeavours to make fair, accurate and timely disclosures in its tax returns and any correspondence with HMRC. Professional tax advisors assist the company in managing all aspects of its tax affairs.



The directors acknowledge responsibility for fully complying with the tax laws, and is responsible for establishing the overall approach to the tax strategy. To ensure that the tax strategy is complied with, professional care and judgement is used via external professional advisers who have suitable knowledge of the company, and who hold suitable accounting and tax qualifications and relevant experience.