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Snowflake UK Tax Strategy

Last Updated: April 2024

The following statement applies to Snowflake Computing U.K. Limited (hereinafter “Snowflake UK,” “we,” or “our”) and sets out the tax strategy of Snowflake, Inc. (parent company of the Snowflake group) (hereinafter, “Snowflake Group”) in the United Kingdom (UK) for the fiscal year ending 31 January 2025.

This document has been published in accordance with Schedule 19 of the Finance Act 2016 and is subject to annual revision.

1. Tax Governance and Tax Risk Management

Snowflake UK's Tax Strategy aims to align with the commercial and investment objectives of our business while ensuring adherence to all pertinent tax laws. It is consistent with the Snowflake group’s Global Code of Conduct and Ethics. As part of the Snowflake Group, Snowflake UK has internal governance procedures set at tthe executive level by Snowflake Inc., listed on the New York Stock Exchange (NYSE), and Snowflake UK is subject to the Sarbanes Oxley control frameworks. Specific controls exist to manage tax risks. The Snowflake Group does not engage in what would be considered ‘tax evasion’, nor in any tax planning that has the primary or main aim to achieve results that are contrary to the intention of UK tax legislation. The ultimate responsibility for the management of all tax matters for Snowflake UK rests with the Chief Financial Officer (CFO) of Snowflake Inc. Day-to-day responsibility is delegated by the CFO to the Vice President, Tax & Treasury (VP Tax) of Snowflake Inc. A team of qualified, experienced tax professionals supports the VP Tax to meet our tax obligations.

2. Tax Planning and Tax Risk

We manage our tax affairs in a way that supports the commercial and investment objectives of the business, enhances value, and manages tax risks. A team of qualified, experienced professionals actively identifies uncertainties and ensures risks are fully assessed. Where there is uncertainty or complexity in the law or its application, external professional advice may be sought.

3. Committed to Compliance

The Snowflake Group has established controls at both the global and UK levels to oversee and assess the tax positions adopted by our UK entity. These positions are periodically reviewed in accordance with the Snowflake Group’s filing obligations. To meet statutory obligations, we conduct routine system and control audits to guarantee the implementation of robust and suitable tax accounting procedures.

4. Relationship with HMRC

We are committed to working with HMRC in a transparent, cooperative, and compliant manner. Snowflake UK is committed to providing tax authorities with all relevant facts and details. If there is a disagreement with a tax authority, we will actively engage in open and transparent discussions to resolve any contested issues.