Governance & Tax Risk Management
Hypixel Studios Limited’s tax policy is to pay the correct amount of tax in accordance with all relevant tax laws and practices.
Key risks and tax related matters are escalated to the Company Directors where necessary.
The finance team engages suitably qualified external tax lawyers or tax advisers where appropriate having regard to the value of the arrangements under consideration, their familiarity with the tax laws under consideration, the clarity of those tax laws and the consequence of adopting an incorrect tax filing position.
Attitude Towards Tax Planning
The commercial needs of the Company are paramount and all tax planning must have a business purpose. Any tax planning undertaken by the Company will have commercial and economic substance.
Level of Tax Risk
Hypixel Studios Limited recognises that certain risks will inevitably arise from time to time in relation to the interpretation of tax law. We proactively seek to identify, evaluate, manage and monitor these risks to ensure they remain in line with the group’s risk appetite. Where there is significant uncertainty or complexity in relation to a risk, external advice may be sought.
Working with HMRC
We engage with tax authorities, including HMRC, with honesty, integrity, respect and fairness and in a spirit of co-operative compliance.
Year ended 31 December 2021