MMP Tax is announced the Winner as Best Tax Team

  • 13 November 2015
  • r&d tax relief, VGTR, TIGA awards 20105,

TIGA announces MMP Tax as category winner for "best tax firm" assisting members in claiming Video Game and R&D Tax Relief

MMP Tax was announced as the winner for "best tax firm" at the glittering TIGA awards ceremony held at LSO St. Luke's Old Street in London on 12 November 2015. The awards celebrate the best in creativity, innovation and business in the UK games industry

The award for best tax team recognises excellence in tax work, sound business processes and outstanding commercial results for the gaming industry companies.

Download the press release here






MMP announced as finalist in the 2015 Games Industry Awards

  • 11 October 2015
  • TIGA, awards, finalist, VGTR, Tax firm

TIGA has announced that MMP Tax is a finalist in the 2015 Games Industry Awards. The winner of the Tax firm category will be announced at the prestigious awards dinner to be held at LSO St. Luke's Old Street (home to the London Symphony Orchestra) on 12 November 2015.

The finalist award recognises the contribution that MMP has made in assisting members of TIGA to claim the VGTR and R&D Tax Relief (R&DTR) during the past year.

Download the press release here






MMP Tax & TIGA comment on decrease in VGTR benefit

  • 23 August 2015
  • creative sector tax reliefs. vgr, video game relief, VGTR

After many years of campaigning; TIGA and MMP are proud of the positive impact the video Game Tax Relief (VGTR) has had on UK Game industry and the role we've played in its introduction.

Since its initiation in 2014, the VGTR scheme has been supporting loss making games studios with a 25% credit and profit making studios with a tax relief net benefit of 18.4%. In a recent TIGA survey, UK studios were hopeful that the generosity of the incentives would increase even further.

in the recent Summer Budget the Government has now decreased the tax relief generosity from 18.4% to 14.4%.

Read the MMP Press release here or view it on the TIGA website here

Download the full article here






summer budget 2015 document

MMP Tax Ltd - Response to the Summer 2015 Budget

  • 17 July 2015
  • r&d tax relief, budget, VGTR, 2015

Disappointment for tech businesses as Chancellor erodes R&D Tax incentives for SMEs. Universities and Charities are denied access. Video Games tax relief also takes a dive

MMP Tax sounds a note of caution following the Chancellor's Summer Budget, as disappointed SMEs, that form the cornerstone of innovation in the UK, see their incentives eroded by the announced changes

Technology Tax Relief schemes are seen as a crucial part of the overall plan to underpin technology and innovation in the UK; R&D Tax Credit claimants received £1.4 billion of support last year

To support the government's objective of a more competitive UK corporation tax system, the Chancellor announced a reduction in the main rate of corporation tax from 20% to 19% for the year beginning 1 April 2017; with a further reduction from 19% to 18% for the year beginning 1 April 2020. This planned reduction in the main rate of corporation tax will impact technology tax reliefs in different ways

read our full budget commentary here






MMP Tax Ltd - Response to the 2015 Budget

  • 19 March 2015
  • r&d tax reliefs, 2015 budget

MMP Tax applauds the Chancellor's announcements in yesterday's budget to continue to support and enhance the range of technology tax incentives originally introduced in 2000, and improved and expanded on since.

Technology Tax Relief schemes are a cross-party governmental success story, last year the number of claims for R&D Tax Relief increased by 16.5% on the previous year and accounted for £1.4 billion of support in R&D. Much of this was claimed by the UK's important SME community.

From 1 April 2015, (Finance Bill 2015); the government will increase the super deduction rate of the R&D Tax Relief SME scheme from 225% to 230% demonstrating that the government wants to ensure that R&D tax credits remain effective in helping small technology businesses to grow.

Download the full article here


Technology tax related news and comment from MMP

2017

EU Logo

MMP announces EU extension of VGTR scheme to 2023 More here

TIGA logo

MMP Tax Catagory winner at TIGA Games Industry awards 2017 More here

TIGA Logo

MMP Tax finalist for TIGA Games Industry award More here

2016

autumn statement 2016

MMP Tax response to the 2016 autumn statement. More here

TIGA award logo

MMP Short-listed for TIGA award again. More here

EU referendum

Response to the EU referendum 2016. More here

Budget commentary

MMP Budget commentary 2016. More here

TIGA guide

MMP & TIGA Publish free guide. More here

2015

TIGA guide

MMP Tax is announced the Winner as TIGA Best Tax Team 2015 More here

TIGA guide

MMP announced as finalist in the 2015 Games Industry Awards. More here

TIGA guide

MMP Tax & TIGA comment on decrease in VGTR benefit. More here