In November 2020 Ethical Consumer viewed Britvic PLC's list of subsidiaries in its 2019 annual report. The annual report showed that the company had several subsidiaries in jurisdictions considered by Ethical Consumer to be tax havens at the time of writing, which were high risk company types for likely use of tax avoidance:
Britvic Finance No 2 Limited, a financing company in Jersey
Britvic Finance Limited, a financing company in Jersey
Britvic Irish Holdings Limited, a holding company in Ireland
Robinsons (Finance) Limited, a financing company in Ireland
Britvic Asia PTE. Ltd, a holding company in Singapore
An internet search using the search terms “[company name] tax policy statement country” found no country-by-country financial information or reporting (CBCR), but its Tax Strategy document was found on its website which included a clear public tax statement confirming that it was this company’s policy not to engage in tax avoidance activity, stating "Britvic does not engage in aggressive tax planning or utilise artificial structures to avoid tax or circumvent the normal operation of the tax system." However, the company did not provide a narrative explanation for what each group entity located in a tax haven is for, and how it is not being used for purposes of tax minimisation.
Given that Britvic had two or more high risk subsidiaries in jurisdictions on Ethical Consumer's tax haven list and no country-by-country financial information, nor narrative explanation, the company received Ethical Consumer's worst rating for likely use of tax avoidance strategies and lost a full mark under Tax Conduct.