UK Tax Strategy Statement
The publication of this tax strategy is regarded as satisfying the statutory obligation, under Part 2 of Schedule 19 of the Finance Act 2016, for monday.com UK 2020 LTD (the “Company” or “monday.com”) for the period ended 31 December 2025.
The Company is held by monday.com Ltd (the “Monday Group”), incorporated in 2012 and publicly traded on the NSDAQ since 2021.
Monday Group is a Software-as-a-Service group, which develops a cloud-based Work Operating System platform to facilitate project management and team collaboration. The Platform, which can be accessed by web or mobile application, allows project visualization and tracking of project progress and milestones.
This Tax Strategy applies to UK taxes relevant to the Company’s activities, including but not limited to Corporation Tax, VAT, employment taxes (PAYE and National Insurance Contributions) and other UK taxes, as applicable.
This Tax Strategy has been approved by the Board of Directors of Monday.com UK 2020 Ltd on December 25th, 2025.
The Tax Strategy Statement below discloses the following:
● The approach of the business to risk management and governance arrangements in relation to UK taxation;
● The attitude of the business toward tax planning as it affects UK taxation;
● The level of risk in relation to UK taxation that the business is willing to accept; and
● The approach of the business in dealing with His Majesty’s Revenue and Customs (“HMRC”).
Our Commitment to Tax Governance and Risk Management
The Company acts with due diligence and care in managing tax-related activities and seeks to maintain appropriate tax governance procedures. The Company identifies and manages UK tax risk through a combination of internal processes, management oversight, and external professional support. Responsibility for day-to-day UK tax compliance and risk management sits with appropriate finance personnel, with escalation to senior finance management where matters of materiality, complexity, or uncertainty arise. Where relevant, tax matters with a potential UK impact are discussed at group level.
The Company’s objective is to pay the correct amount of tax at the right time in accordance with applicable UK laws and regulations. The Company takes advice from independent external tax, legal, and accounting firms to ensure that our decisions are based upon the latest and most relevant interpretations of laws and regulations.
This Tax Strategy is adhered by relevant stakeholders within the Company and the Monday Group such that it is firmly embedded within the Company’s and Monday Group’s governance framework. This Tax Strategy is subject to regular review by these stakeholders to ensure it remains appropriate and aligned with the Company’s business activities and risk profile.
monday.com periodically communicates its code of conduct to its employees which stresses monday.com’s commitment to ethical, transparent, and responsible behaviour in everything monday.com does. monday.com’s approach to tax is aligned with the code of conduct.
Our Attitude to Tax Planning
The Company routinely considers the tax laws in the UK to support sustainable value creation for its business, stakeholders, and the communities with which it operates. The Company recognises its responsibility to pay the right amount of UK tax to HMRC, while also safeguarding the assets of the business for its shareholders. Any commercial and economic endeavours pursued by the Company will not contrived or be artificial in nature for the sole purpose of reducing tax. The Company will consider transactions that give rise to tax efficiencies where these are tax compliant, aligned with its strategic objectives, and supported by genuine commercial substance.
Any tax reliefs or incentives claimed by the Company are those generally available to all businesses under UK tax law. Where appropriate, external professional advice is sought in relation to tax planning matters, including the application of reliefs and incentives, to ensure compliance with UK tax legislation.
The Company will not engage in tax efficiencies where the underlying commercial and economic rationale does not support the Company’s business or its long-term working relationship with HMRC.
Our processes and controls as indicated in the Commitment to Tax Governance and Risk Management section through internal processes, management oversight, external professional support and escalation enables the Company to maintain a tax risk at low level.
Our Attitude to Tax Risk
The Company’s approach to tax risk management seeks to reduce the risk of errors, material uncertainty, non-compliance or reputational harm in these areas through appropriate controls, documentation, and the use of external advisers where necessary. The Company assesses tax risks and analyses different tax outcomes that may arise from its activities. As part of a multinational group, the Company recognises that certain inherent UK tax risks may arise, including those relating to transfer pricing and withholding taxes. Monday.com actively seeks to identify, evaluate, monitor, and manage these risks (i.e., monday.com adheres to the OECD’s guidelines on transfer pricing, and monday.com’s transfer pricing policies are applied consistently around the world).
Where there is uncertainty regarding the interpretation or application of tax legislation, the Company obtains external professional advice to ensure compliance with UK tax law. The Tax treatment associated with the Company’s activities are designed to be consistent from a business, legal, financial, reputational, and compliance standpoint such that the Company complies with UK tax law.
Our Commitment to an Open Relationship with HMRC
monday.com is committed to maintaining a constructive and transparent relationship with HMRC. The Company seeks to comply with HMRC requirements, provides information in a timely and transparent manner, and engages openly where clarification or discussion is required.
The Company seeks to comply with all global tax reporting and payment obligations, including the timely submission of accurate tax returns and the timely payment of all relevant UK tax liabilities. Where errors are identified in tax filings, the Company is committed to correcting them as soon as practicable.
This Tax Strategy has been communicated to all relevant stakeholders within Monday.com such that it is firmly embedded in its culture. This Tax Strategy will be subject to continuous review by these stakeholders to ensure that monday.com is adhering to its strategic goals.
Last reviewed: December 2025