Dhamecha Cash & Carry is very much a family-owned business and has a core of nine depots around London and the Midlands. Wembley, Barking, Enfield, Croydon, Watford, Hayes, Lewisham, Leicester and Birmingham depots each average around 100,000 sq. ft. of well-lit floor space. All are open seven days a week and all stock over 12,000 products across the following key areas: Grocery, Soft Drinks, Confectionery, Toiletries & Household Goods, Wines & Spirits, Beers & Ciders and Tobacco.
Whilst Dhamecha Cash & Carry’s core business is supplying a comprehensive range of products to Independent Retailers, it also has an ever-expanding export operation. Dhamecha Cash & Carry is also the largest member of the Today’s Group which is itself part of the biggest buying group in Europe.
In 2006 the Company launched the “Day 1” and “Today's Retail Club” concepts, to help Independent Retailers improve their business with exclusive offers, professional fascias, and their own point-of-sale material. In 2016 Dhamecha Cash & Carry was proud to celebrate its 40th anniversary.
The combination of second generation family members and a highly-skilled senior management team works remarkably well – and the whole operation is underpinned by state-of-the-art Information Technology and Communication Systems. The Dhamecha Group has always recognised the importance of treating every one of its 680 staff with respect and trust - and this commitment also extends to its 10,000 customers.
As Pradip Dhamecha says, “Every decision we make has the customer in mind. For example, we have in place a constant programme of depot refurbishment to ensure that the shopping environment is not only productive but is also comfortable. We want to make sure that our customers want to come back”
Each Dhamecha Cash & Carry has a General Manager who, along with his senior team, is committed to making his depot a great place to shop as well as a great place to work.
It works hard to create a safe working environment for its staff and, as a consequence, that of its customers, through regular, up-to-date Health and Safety training, encouraging a positive attitude towards their environment and taking practical, preventative precautions on a daily basis.
It also enhances, in a range of ways, the economic development of the communities in which it operates. When KR, SR and JR Dhamecha started the business, they set up a charitable foundation in recognition of the important part that their mother, Laduma, had played in their personal development (their father died at an early age).
Since that day, and through this Trust, the Dhamecha Group has supported a large number of long-term good causes on a local, national and global basis. In addition, it also donates to an array of worthy charities.
The information below outlines Dhamecha Group’s tax strategy and risk management as it pertains to tax reporting for the year ending 31 March 2018 (published pursuant to UK Finance Act 2016).
Dhamecha Group is committed to the following:
Complying with all applicable tax laws and regulations in a timely and accurate manner.
Careful oversight of the processes and procedures involved in all tax related activities and ensuring that its tax governance is appropriate.
Accurate and timely disclosure on all filings with HMRC. Open and honest dialogue with tax authorities and, where applicable, working with HMRC to ensure reasonable and accurate interpretation of the law.
Risk management in relation to taxation
Dhamecha Group has implemented various processes across the business to ensure that appropriate governance of compliance with applicable laws and regulations are in place.
Company personnel stays abreast of any changes in tax law through legislative updates and attendance at technical updates hosted by third party advisers.
Segregation of duties is maintained between the preparation and review of tax computations and returns, which are approved by the Finance Director to ensure accuracy in reporting.
Dhamecha Group will not engage in artificial transactions the sole purpose of which is to reduce tax. However, Dhamecha Group will consider undertaking a transaction in a way that gives rise to tax efficiencies providing this is aligned to Dhamecha Group’s commercial objectives and complies with the associated UK tax legislation.
Tax is considered during the commercial decision making process and the company seeks relevant input from third party advisers where relevant.
Dhamecha Group is risk averse and is conscious of the reputational risks associated with aggressive tax planning. This risk averse attitude is also influenced by the stakeholders of the business. As such, the Company engages third party advisers to ensure appropriate technical tax guidance is provided.
Approach toward dealings with HMRC
Dhamecha Group is committed to the following:
Accurate and timely disclosure in tax filings and tax payments, query responses, and other HMRC correspondence.
Resolving tax uncertainties with HMRC, if any, through collaborative discussion, in a timely fashion.
Working with HMRC in an open, collaborative and professional manner, to ensure reasonable and accurate interpretation of the law to evaluate past, current and future tax compliance.
Gender Pay Gap Reporting