Techology Tax News

Read technology tax related news and comment from MMP.


2016

  • MMP Tax issue response to the Autumn statement 2016 More here
  • TIGA short lists MMP Tax for Games Industry award for the second year running More here
  • MMP issue response to the EU referendum 2016 -Our message for our tech business clients More here
  • MMP publishes commentary for 2016 Budget More here
  • MMP & TIGA publish free Guide to R&D Tax Relief for Video Games Developers More here

2015

  • TIGA announces MMP as winner in the 2015 Games Industry Awards More here
  • TIGA announces MMP as finalist for award in the 2015 Games Industry Awards More here
  • MMP Tax and TIGA comment on the decrease in generosity of the VGTR scheme More here
  • MMP Tax Ltd -response to the Summer Budget 2015 More here
  • MMP Tax Ltd -response to the Budget 2015 More here

2014

  • MMP Tax Ltd - Response to the Autumn Statement 2014 More here
  • A new dawn for the UK's patent box scheme More here
  • Video Game Tax Relief receives EU State Aid approval More here
  • MMP Tax Ltd. Response to the Budget 2014 More here

2013

  • Consultation on proposals for a tax regime for shale gas 20/9/13 More here
  • Visual Effects Industry Tax Relief Consultation 2/7/13 More here
  • Tax Breaks for tech Innovators - ACCA Accounting and Business Magazine 1/6/13 More here
  • MMP publish Budget Commentary 2013 2/4/13 More here

2012

  • MMP publish review of Draft Finance Bill 2013 24/12/12 More here
  • HMRC publish response to Above the Line Credit for R&D consultation 18/12/12 More here
  • HMRC publish response to Creative sector tax relief consultation. 14/12/12 More here
MMP TIGA Awards Dinner best tax firm 2015

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.

Read the MMP Press release here

Click here to download the full article
MMP TIGA Awards finalist 2015

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.

Read the MMP Press release here

Click here to download the full article
MMP Budget Summer 2015 Review

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

Click here to download the full article
MMP Budget Summer 2015 Review

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

Click here to download the full article

MMP Tax Ltd - Response to the 2015 Budget


By: MMP Tax
MMP Budget 2015 Review

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

Read our full budget commentary here

Click here to download the full article
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