Mission and Vision

Mission and Vision

Proud to be recognised as a world-renowned technology giant and a market leader in Turkey, we make it our mission to excel in every sector that we enter. Continuously investing in research and development, we strive to build on our success, making the highest quality solutions accessible for an ever-growing number of customers throughout the EMEA and beyond.

To stay on course and become the most powerful production and technology group in the world, we know that we must achieve sustainable development, and that we can only do so by focusing our efforts on the creation of leading-edge consumer products

Research and Development

Research and Development

One of the first companies to have its R&D department officially accredited as an “R&D Center” by the Ministry of Science, Industry and Technology, Vestel has become world-renowned for its capacity to turn knowledge into technology and technology into cutting-edge product solutions. Operating within a set model for sustainable growth, Vestel continues to develop investments with local as well as international partners, drawing on the company’s cutting-edge technological resource as well as the expertise of over 900 R&D engineers, who are each committed to Vestel’s innovation-oriented philosophy.

Zorlu Group

Zorlu Group

Constantly adding value to society thanks to its successful and pioneering activities, Zorlu Group drives many leading-edge projects across multiple sectors, developing innovation for textiles, white goods and information technology industries as well as the energy and real estate markets.

Today, with 57 companies and approximately 23 thousand employees, Zorlu Holding is working for the future of Turkey as well as quality of life for its citizens.

Vestel Group

Vestel Group

Comprised of 24 companies, the Vestel Group is a multi-industry manufacturer, which operates in electronics, household appliances, mobile technologies, LED lighting and defence. Testimony to the global importance of Zorlu Holding across multiple technology sectors, Vestel is not only thriving at home in Turkey with its 12 companies, but also through a further 14 businesses that have been set up in various other parts of the world.

Originally founded in 1984, Vestel has grown from strength to strength, realizing its global potential after joining the Zorlu Group in 1994. Having rapidly accumulated market share, Vestel has attained global significance thanks to its flourishing export activity and enormous production capacity.

In 2014 alone, Vestel received more than 66 of the most prestigious design awards.

Quality Certificates

Quality Certificates

Corroborating the company’s commitment to meeting industry-leading standards and criteria for quality management, Vestel Ticaret A.Ş was awarded the ISO 9001 quality standard accreditation by the Turkish Standard Institute in 1993.

 Integral to the establishment of a successful total quality management process, this voluntary compliance to the ISO 9001 system affords Vestel a significant competitive advantage, enabling the company to meet customer’s ever-changing requirements and to ensure that quality can be improved continuously. Recognizing the overall importance of quality management to the economy and to quality of life, Vestel is proud of its on-going commitment to enhancing quality control.

2017 Awards

    • Plus X Award for High Quality, Design, Ease of Use and Functionality

      VENUS Z10 Smart Phone, High Glass TV Stand

    • Plus X Award for High Quality, Design and Functionality

      Space Age Settop box Rolls Set Top Box

    • Plus X Award for Innovation, Hight Quality and Design

      SylphTV

    • Best Product of The Year

      Vega Settop box Rolls Settop box High Glass TV Stand
      Vestel 98” 8K UHD TV 55” Curved OLED TV

    • Best Design Brand of the Year 2016-2017

      in Telecommunication Product Group

    • Most Innovative Brand of The Year 2017

      in Telecommunication Product Group

    • REDDOT Design Award

      Envo Electric Vehicle Charger

2016 Awards

    • Gold A Design Award

      Swing 65” Uhd TV

    • Silver A Design Award

      Vdrop 55” Uhd Tv
      Twin Tower 65” Uhd Tv
      Venus Leo Smartphone
      Venus Vega 5,7” Smartphone

    • Plus X Award for Design and Ease of Use:2

      RC 49100

    • Plus X Award for High Quality and Ease of Use:2
    • Plus X Award for High Quality, Design and Ease of Use:12

      REYS Smart Phone
      XX400 LED TV
      XX405 LED TV

    • Plus X Award for Innovation, High Quality, Design and Ease of Use:12

      55” FLAT OLED
      55” CURVED OLED

    • Plus X Award for Innovation, High Quality, Design, Ease of Use and Functionality:5
    • DESIGN TURKEY

      RC 39100
      Envo Elektric Vehicle Charger
      XX320 Curve LED TV V3DYNO

    • Good Design Product Award

      LINEA OLED DESIGN

Vestel UK 2017 Tax Strategy

Vestel UK Limited is one of 18 subsidiaries of Vestel, parent company in Turkey.

The principle activity of Vestel UK Limited is to market, promote, service and distribute branded products to the Consumer Electronics and Major Domestic Applıances marketplaces within the UK and Europe. Brands include Sharp and Toshiba, sold under licensing agreements, as well as those of Vestel Group and retailers.

In compliance with paragraphs 19 and 25 of Schedule 19 to the Finance Act 2016, the company is publishing its tax strategy for the year ending 31 December 2017.

Our Tax Strategy

Vestel UK Ltd is committed to complying with UK tax legislation and have identified risk areas in Corporation Tax, PAYE, NIC and VAT. Responsible persons have been appointed to these areas of Tax compliance. Regular meetings are held to review new compliance and ensure knowledge is up to date. Systems, controls and processes are monitored to aid the policing of this area.

Risk management & governance arrangement

Risk management is a critical element of Vestel UK’s everyday business activities and takes place at all levels of our organisation.

Vestel UK is committed to compliance with tax law and practice in the UK. Compliance for us means paying the right amount of tax in the right place at the right time.

Vestel UK Limited seek assistance from external professionals and tax specialists to mitigate risks.

  • We have a monthly compliance review to check due dates for payment and filing deadlines.
  • We have developed a system to capture relevant financial data accurately to mitigate any risk.
  • We educate staff on issues of compliance and try to adhere to tax legislations on a prompt basis.
  • We seek help from external professionals in specialist tax areas and have timely communication with them to resolve any unclear issues.
  • We take immediate remedial actions when we find any errors/mistakes and have a control system is in place to prevent further occurrences.
  • We encourage staff to draw attention to any issues/uncertainties and take the relevant measurements to resolve the issues.
  • We proactively plan our workloads in order to perform on a timely basis reducing the risk of mistakes/errors, which will add value to all stakeholders.
Attitude towards tax planning and level of risk

We manage risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.

Our attitude towards tax planning is to be aligned with our business strategy and disclose relevant facts to relevant tax authorities.

We will not put in place any arrangements that are contrived or artificial where the sole purpose of which is to reduce UK tax.

Relationship with HMRC

Vestel UK Ltd seek to ensure that our engagement with HMRC is proactive, transparent, open and honest and is conducted in a co-operative manner. We aim to communicate promptly with HMRC by responding/taking actions or seeking advice either directly or via agents. We would seek to contact HMRC for any clearance issues in a timely and professional manner.