Tax Strategy

This tax strategy has been prepared in accordance with the requirements of paragraph 16 (2) 
contained in Schedule 19 of the Finance Act 2016. It has been approved by Indivior PLC’s Audit 
Committee under its delegated authority from the Board and relates to the Group’s year ended 
31 December 2023.

Our Approach to Tax

Our Business

Indivior is a global pharmaceutical company working to help change patients’ lives by pioneering lifetransforming treatment for substance use disorders and other serious mental illnesses. Our Vision is 
that the millions of people across the globe suffering from substance use disorders and serious 
mental illness have access to evidence-based treatment to change lives.

We manufacture and market medicines for the treatment of moderate to severe opioid use disorder 
with a global portfolio in 37 countries. We also market medicine for the treatment of schizophrenia 
in adults in the United States.

Our activities around the world incur a variety of business taxes. We pay corporate income taxes, 
employment taxes and many other business taxes in all jurisdictions as applicable. We also collect 
and pay employee taxes and indirect taxes such as value added tax (VAT). The taxes we pay and 
collect represent a significant contribution to the countries and societies in which we operate. 

For more information on our business, please click here.  


Corporate responsibility commitment to tax compliance

We are committed to responsible corporate behaviour which includes high standards of conduct in 
our relationships with our workforce, healthcare providers, shareholders, debt holders, suppliers, 
governing bodies, regulators and the local communities in which we operate. 

Indivior’s purpose, to bring science-based, life transforming treatment to patients, is underpinned by 
high standards of governance and compliance. We are committed to conduct business on a 
foundation of strong ethical and moral principles, and this extends to our approach to tax. Our Code 
of Conduct
requires all of our workforce to be aware of and observe all laws and regulations 
governing the payment of taxes. 

Our Global Tax Policy requires compliance with all applicable tax laws and regulations of each 
country and region where Indivior conducts business as well as the international treaties and 
conventions. Indivior Plc and its subsidiaries in the UK also share and adopt the Global Tax Policy in 
relation to UK taxation. We pay the taxes determined by the laws in each country where we do 
business while seeking to mitigate double taxation. In addition, we comply with the reporting 
requirement of the Organisation for Economic Co-operation and Development (“OECD”) by filing 
with HM Revenue and Customs (“HMRC”) in the UK the Country-by-Country Report (“CbCR”) which 
discloses key financial information for each jurisdiction where Indivior has an operating entity. We 
have built and seek to maintain a constructive, appropriate, and open relationship with tax 


Our attitude to tax planning

The transactions into which we enter are primarily driven by our business or commercial aims. We 
value our reputation, and we will not engage in any tax planning that threatens to undermine it. At 
the same time, our patient focus drives us to be financially efficient to allow investment in patient 
access and new therapeutic areas. The Group Tax Team, with our reputation in mind, employs
diligent professional care and judgement in assessing tax risk, and may take advice from third-party 
specialists and HMRC to support the decision-making process. Significant tax decisions are subject to 
additional review and approval by the Chief Financial Officer (“CFO”), the Chief Executive Officer
(“CEO”) and the Audit & Risk Committee of the Board of Directors. We have a zero-tolerance 
approach to tax evasion and the facilitation of tax evasion.

We access government-sponsored tax incentives where appropriate and in line with substantive 
business activities (e.g., UK patent box and R&D Expenditure Credit).


Our approach to tax risk management and governance

The Board of Directors is ultimately accountable for the Group’s tax affairs and tax risk oversight. To
support with this, Tax risk management is discussed periodically with the CFO and with the Audit & 
Risk Committee, with appropriate oversight from the Board. The Group Tax Team is responsible for 
the day-to-day management of the tax affairs aligned with our Global Tax Policy.

Our approach to tax has been formalised and implemented across the Group through our Global Tax 
Policy which has been approved by the Group Controller. Our Global Tax Policy outlines the approval 
process for decisions that relate to tax, including when the Group Tax Team should be involved in 
business decisions and how we should manage our relationships with tax authorities. Our Global Tax 
Policy drives consistency in our approach to tax across the Group and drives compliance with all 
relevant tax laws, regulations, and obligations in each of the countries in which we operate. 


Tax legislation can be complex and differs across the countries in which we operate. As such, tax risk 
can also arise due to differences in the interpretation of such legislation. Tax risk in each country in 
which we operate is managed through internal policies and processes to ensure we have alignment 
across our business and meet our tax obligations.

We seek to reduce potential tax risks as far as practically possible by ensuring appropriate 
contemporaneous documentation and controls are in place. We seek third-party advice on areas of 
complexity to ensure the resultant risks are appropriately mitigated. We do not take tax positions 
contrary to the intended purpose of the legislation.

We manage our cross border inter-company pricing in accordance with authoritative guidelines 
(such as those issued by the OECD) and follow the arm’s length principle.
The Group Tax and Finance teams monitor changes in the tax environment to ensure we remain 
compliant with the local laws.

Our Group Tax Team is embedded within our business and is regularly represented in decisions 
taken by other functions to appropriately consider the tax implications of significant business 

In executing the tax strategy, our Group Tax Team endeavours to prepare our tax returns accurately 
and submit them on a timely basis after appropriate levels of review. The Group Tax Team actively 
monitors new tax legislation and any changes of interpretation of the existing legislation as part of
preparation of the tax return. We seek third-party advice from external advisors on complex tax 
matters where necessary.

These arrangements facilitate review and approval of significant UK tax-related decisions ensuring 
that all UK tax obligations are met.


Our approach to engaging with tax authorities 

We aim to maintain constructive and open relationships with Tax Authorities worldwide. The Group 
Tax Team engages openly and regularly with HMRC to review our business activities and to discuss 
any current, future, and past tax risks across all relevant UK taxes. 

This tax strategy has been prepared in accordance with the requirements of paragraph 16 (2) contained in 
Schedule 19 of the Finance Act 2016. It has been approved by Indivior PLC’s Audit & Risk Committee under its 
delegated authority from the Board and relates to the Group’s year ended 31 December 2023.