Tax Strategy

This document is intended to satisfy the reporting obligations of Schedule 19 of the Finance Act 2016 starting 1st January, 2017.
This tax strategy covers all UK companies, namely:

Del Monte (UK) Limited
Del Monte Europe Limited
Del Monte Foods International Limited

Fresh Del Monte Produce Inc. "Del Monte" is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide under the DEL MONTE® brand, a symbol of product innovation, quality, freshness and reliability since 1892.
For Del Monte sustainability is a management practice that guides our daily business activities wherever we operate. As a company involved in the produce, produce based foods and beverage industry and as a responsible corporate citizen, we recognize our responsibility to ensure that our business activities are guided by the careful balance of the interests of all our stakeholders.
Our policies drive a values-based culture that serves to guide actions in the workplace so that daily activities are performed with honesty, integrity, and in support of the Del Monte Vision and Values. Our UK tax strategy is driven by these same values.

Approach to risk management and governance
We are committed to strictly observe and adhere to all laws, rules, regulations and disclosure requirements in all jurisdictions in which we conduct business. We strive to use thorough professional care and judgement in all tax matters, ensuring decisions are taken at an appropriate level.

Attitude towards tax planning
We will only engage in tax planning that has a sound commercial basis. Appropriate tax planning will include taking advantage of specific government incentives. We aim to comply with all relevant laws, rules and regulations and carry out tax planning that supports our business goals. We seek external advice from qualified tax advisors in relation to tax planning or areas of uncertainty.

The level of risk in relation to UK taxation that the group is prepared to accept
We are committed to a conservative and low risk tax approach. Our internal structure operates to support compliance with tax laws and regulations in the UK and to ensure we identify, assess and mitigate tax risks. Internal controls are reviewed annually to confirm they are relevant and working effectively. We are committed to full compliance with our tax obligations. We will only adopt a filing position on the basis of a "more likely than not" external opinion or following prior consultation with HMRC where practicable.

Approach towards dealing with HMRC
We are committed to maintaining timely tax compliance, including meeting relevant filing and payment deadlines. We are committed to ensuring compliance with all legal disclosure requirements. We aim to have a transparent and collaborative relationship with HMRC based on the principles of honesty and mutual respect.