Legal

UK Tax Strategy: November 2025

1 November 20252 pages699 words

Summary

Take-Two Interactive Software maintains a comprehensive tax strategy for its UK subsidiaries for the fiscal year ending March 31, 2026, emphasizing full compliance with the Finance Act 2016. This policy encompasses all forms of UK taxation, including corporate income tax, PAYE, VAT, and customs duties. The core objective is to align tax practices with the company’s global Code of Business Conduct and Ethics, ensuring that all operations adhere to applicable laws, rules, and regulations while requiring similar compliance from third-party suppliers. The governance framework centralizes tax risk management under the direction of the Chief Financial Officer and senior personnel, supplemented by internal controls designed for financial reporting accuracy. To mitigate risks associated with complex or uncertain tax laws, the organization utilizes professional external advisors to maintain risk at acceptably low levels. This proactive monitoring extends to legislative changes, ensuring that the business remains compliant as regulatory environments evolve. Tax planning is strictly driven by commercial reality, with intra-group arrangements conducted on an arm’s length basis. While the company utilizes available tax credits and incentives, it does so only when they align with underlying business objectives and meet detailed regulatory requirements. Relationship management with HMRC is characterized by transparency and cooperation, involving proactive meetings to discuss business developments and resolve potential interpretative uncertainties through open dialogue. This strategy applies to a broad range of UK entities, including major development studios such as Rockstar, Hangar 13, Gram Games, and NaturalMotion.

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