WEBSITE TERMS OF USE

IMPORTANT
PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. THESE TERMS AND CONDITIONS (TOGETHER WITH THE DOCUMENTS THAT THEY REFER TO) SET OUT THE BASIS UPON WHICH YOU ARE ENTITLED TO ACCESS AND USE THE WEBSITE GENESIS.AERO (THE “WEBSITE”).

BY USING THE WEBSITE, YOU CONFIRM THAT YOU ACCEPT THESE TERMS AND CONDITIONS (THE “TERMS OF USE”) AND THAT YOU AGREE TO COMPLY WITH THEM. IF YOU DO NOT AGREE WITH THESE TERMS OF USE, YOU SHOULD NOT USE THE WEBSITE.

1. Applicable Terms
In addition to these Terms of Use, the following policies also apply to your use of the Website:

  • The Privacy Statement published on the Website which sets out the terms on which we process any personal data we collect from you, or that you provide to us. By using the Website, you acknowledge that you have been informed of such processing. You warrant that all data provided by you through this Website is accurate.
  • The Cookie Policy published on the Website which sets out information about the cookies on the Website.

2. Information About Us
This Website is a website operated by Genesis Aircraft Services Limited (all references to “we”, “us” or “our” in these terms refer to Genesis Aircraft Services Limited and/or its affiliates). We are an Irish private company limited by shares with registration number 545764and have our registered office at Riverside One, Sir John Rogerson’s Quay, Dublin 2, Ireland.

3. Use of Website

This Website is for information purposes only, and is provided for your convenience. We do not provide any type of advice, on or via this Website, and you agree that this Website will not be used by you for these purposes.

Using the Website for the purposes of browsing is permitted. Any other use of the content and software on the Website, including the reproduction, modification, distribution, transmission, republication or display of the content on the Website without our express permission, is strictly prohibited.

The Website or any portion of the Website may not be reproduced, duplicated, copied, sold, resold or otherwise exploited for any commercial purpose that is not expressly permitted by us.

You must not misuse the Website by knowingly or recklessly introducing viruses, trojans, worms, logic bombs or other material which is malicious or harmful. You must not attempt to gain unauthorised access to the Website, the server on which the Website is stored or any server, computer or database connected to the Website. You must not attack the Website via a denial-of-service attack or a distributed denial-of-service attack.

We reserve the right to refuse access to the Website and/or the services contained herein at our discretion, including, without limitation, if we believe that particular conduct violates applicable law, is harmful to our interests or is in breach of these Terms of Use.

4. Intellectual Property
All content included on the Website, such as text, graphics, logos, button icons, images, audio clips and software is our property or the property of our licensors and is protected by applicable copyright and/or other intellectual property laws.

You acknowledge that you are only permitted to use any material contained on the Website as authorised by us and you further agree not to copy, reproduce, transmit, distribute or create derivative works of such material without our prior written authorisation.

You have a limited right to access and use this Website, and to print a hard copy of its contents, solely for your own use and reference, provided all copyright, trademark and other proprietary notices are left intact.

5. Limitation of Liability and Disclaimer
You hereby acknowledge and agree that the Website is available for use ‘as is’ and ‘as available’, with no warranties of any kind whatsoever and that, without prejudice to the generality of the foregoing, we make no warranty regarding, and shall have no responsibility for, the accuracy, availability, reliability, security, fitness for purpose or performance of the Website or the contents thereof.

You acknowledge and agree that we may temporarily suspend access to the Website for any reason without notice, including but not limited to where there is a breakdown, error, defect or malfunction of any part of the Website.

The information and content on this Website is not guaranteed by us or any other person or entity and may not be complete, accurate or up to date. While we use reasonable endeavours to ensure that the information on this Website is current, complete and accurate, we give no guarantees that this is the case. We accept no responsibility for keeping the information in this Website up to date or liability for any failure to do so, or for any inaccuracies in the information on this Website.

Except as expressly set out in these Terms of Use, all representations, warranties, terms and conditions whether express or implied in relation to the Website or the information contained herein are hereby excluded to the fullest extent permitted by law.

Due to the fact that we cannot guarantee that the Website will be fault free or that the information contained on the Website will be correct, we do not accept any liability for any loss or damage whatsoever (and whether direct or indirect) arising out of or in connection with the Website or the contents thereof, whether under theories of contract, tort (including negligence), strict liability or otherwise.

6. Security of Communications
Whilst we have taken all reasonable security precautions, the nature of communication via the Internet and other electronic means is such that we cannot guarantee the privacy or confidentiality of any information relating to you passing by such methods. In accessing this Website, you accept that communications may not be free from interference by third parties and may not remain confidential.

7. Compliance with Applicable Laws
Due to the global nature of the Internet you agree to comply with all local laws regarding on-line conduct. You also agree to comply with any applicable rules regarding the export of any technical data from any country.

8. Links to Other Websites
The Website may contain links to websites operated by third parties. Such links are provided for your convenience only. We have no control over these websites and we are not responsible for their availability or content. The inclusion on the Website of links to such other websites does not imply any endorsement of the material on such websites or any association with their operators.

9. Linking to the Website
You may link to the home page of the Website, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it. You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists. You must not establish a link to the Website in any website that is not owned by you. The Website must not be framed on any other website, nor may you create a link to any part of the Website other than the home page. We reserve the right to withdraw linking permission without notice.

If you wish to make any use of content on the Website other than as set out above, please contact legal@genesis.aero

10. Variations
These Terms of Use and any documents referred to herein may be amended from time to time by us. The Website will specify the latest date on which the Terms of Use have been amended. Any changes, modifications, or additions to, or deletions from these Terms of Use shall be effective upon publication to this Website. You must check these Terms of Use periodically for changes. If you access this Website after we have made changes to the Terms of Use, you shall agree to be bound by them through your access and use of the Website.

We reserve the right, in our sole discretion, to change, modify, add or remove the content of this Website, or to terminate this Website in whole or in part, at any time.

11. Governing Law
These Terms of Use shall be governed by and construed in accordance with the laws of Ireland and you hereby submit to the exclusive jurisdiction of the Irish Courts.

12. Contact Us
To contact us, please email legal@genesis.aero

GASL Leasing UK No.1 Limited – UK Tax Strategy

Introduction & Background

GASL Leasing UK No.1 Limited (the “Company”) is a UK incorporated and tax resident company. It is subject to corporate tax in the UK on its worldwide income. The Company is indirectly held by Genesis Aircraft Services Limited, an Irish incorporated and tax resident company.

This document sets out the Company’s UK tax strategy. The Company regards this publication as complying with its obligations under Paragraph 22 (2) of Schedule 19, Finance Act 2016 (UK). This document applies to all taxes payable by the Company, including but not limited to corporate tax. PAYE, VAT, withholding taxes as well as stamp duty and stamp duty land tax.

This document will be reviewed annually.

The document sets out the Company’s tax strategy in relation to four main areas:

  1. Risk management and governance in relation to UK tax:
    Governance: The Company’s tax governance is ultimately overseen by the board of the Company. In this regard the board will be supported by the CFO, with input from third party tax advisors. Risk Management: Effective risk management is paramount for the Company and underpins its business strategy. The Company’s appetite for risk is a carefully calibrated part of the business model aligned to the strategic and corporate objectives. The Company’s on-going tax risk approach is based on principles of reasonable care and materiality. Transactional Risk: Due to the cross border nature of the Company’s business, risks are inevitable. The Company actively monitors the tax risks faced as part of wider risk management and is aware of these risks and their impact on an ongoing basis. For example the Company seeks to avoid double taxation of the same income and controls are put in place to manage tax risks, including engaging external advisors where appropriate. Compliance & Reporting Risk: The Company seeks to pay tax, and file relevant returns, on time. The Company also seeks to submit all tax reporting by the relevant due date. Reputational Risk: The board of the Company is aware of potential adverse publicity associated with a negative attitude towards tax and seeks in all commercial decisions to manage this reputational risk.
  1. Tax planning:
    The Company will proactively seek to structure transactions in a way that benefits from any available tax reliefs, taking advice from external advisors. The Company does not support or engage in aggressive or artificial tax planning, the sole purpose of which is to avoid UK tax or which contravenes relevant legislation. All tax decisions and planning are consistent with the Company’s strategy to maximise after tax returns to shareholders in an ethical and sustainable way.
  1. Level of risk in relation to UK tax that the Company is prepared to accept:
    The Company seeks to comply with all relevant tax laws, creating sustainable shareholder value. The acceptable level of risk will be dependent on the specific facts and circumstances. These are considered on a case by case basis. The Company seeks to apply tax laws in the manner in which they were intended. Appropriate advice is obtained from external advisors to enable the Company to be compliant with tax laws.
  1. Working with HMRC:
    The Company appreciates the importance of a professional and open relationship with HMRC. The Company thus seeks to work in partnership with HMRC, maintaining a transparency with regard to its tax affairs. The Company seeks to:
  • Be responsive, open & transparent in its communications with HMRC,
  • Share complete and accurate information with HMRC where requested,
  • Disclose material updates to the Company’s business where appropriate, and Act with integrity and professionalism in the Company’s dealings with HMRC at all times.