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M23 Global Holdings Ltd.

Effective Date: 1 January 2027
Approved By: Board of Directors, M23 Global Holdings Ltd.
Review Cycle: Annual

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Purpose

This Tax Strategy Statement sets out the approach of M23 Global Holdings Ltd. ("M23", the "Company") to tax governance, tax risk management, compliance, and engagement with HM Revenue & Customs ("HMRC"). The Company is committed to conducting its tax affairs with integrity, transparency, and in accordance with applicable laws and regulations in the United Kingdom and other jurisdictions in which it operates.

M23 recognizes that responsible tax management is an important component of sound corporate governance and supports the Company's commitment to ethical business practices, sustainable growth, and long-term value creation.

 

Our Business

M23 Global Holdings Ltd. is a strategic advisory and operating platform serving clients across the music, entertainment, media, technology, and creative industries. Through its operating divisions and portfolio companies, M23 provides services related to business strategy, audience intelligence, touring operations, merchandise development, commercial partnerships, and growth advisory.

 

Tax Governance

Ultimate responsibility for the Company's tax strategy and compliance framework rests with the Board of Directors.

The Board delegates day-to-day tax oversight to senior management and, where appropriate, qualified external accounting and tax advisors. Tax matters are reviewed in the context of the Company's broader governance framework, financial reporting processes, and commercial decision-making.

M23 seeks to ensure that:

• Appropriate controls are maintained over tax reporting and compliance processes.

• Tax risks are identified and assessed in a timely manner.

• Material tax matters receive appropriate review before implementation.

• External professional advice is obtained when specialized expertise is required.

 

Approach to Tax Risk Management

M23 maintains a low appetite for tax risk and does not undertake transactions lacking genuine commercial substance.

The Company seeks to:

• Comply fully with applicable tax laws and regulations.

• Maintain accurate books, records, and supporting documentation.

• Identify tax risks as part of routine business and financial reviews.

• Implement appropriate controls to mitigate identified risks.

• Escalate significant tax matters to management and external advisors where necessary.

Tax considerations are evaluated alongside operational, commercial, legal, and reputational considerations when making business decisions.

 

Tax Planning

M23 supports legitimate and responsible tax planning that aligns with the commercial objectives of the business.

The Company does not:

• Engage in artificial tax avoidance arrangements.

• Implement structures designed primarily to secure unintended tax advantages.

• Undertake transactions lacking economic or commercial substance.

 

Where available, M23 may utilize tax reliefs, incentives, credits, and elections expressly intended by legislators, provided such actions are consistent with applicable laws and the Company's business activities.

 

Relationship with HM Revenue & Customs

M23 is committed to maintaining an open, professional, and constructive relationship with HMRC.

The Company seeks to:

• File tax returns accurately and on time.

• Pay taxes when due.

• Respond promptly to reasonable requests for information.

• Disclose material errors or uncertainties when identified.

• Resolve tax matters through cooperative engagement whenever possible.

 

Where the interpretation of tax law is uncertain, M23 may seek guidance from qualified professional advisors and engage transparently with HMRC as appropriate.

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Compliance Commitment

M23 is committed to meeting all applicable UK tax obligations, including but not limited to:

• Corporation Tax

• Value Added Tax (VAT)

• Pay As You Earn (PAYE)

• National Insurance Contributions (NICs)

• Employment Taxes

• Withholding Taxes, where applicable

 

The Company will maintain policies, procedures, and controls designed to support ongoing compliance with these obligations.

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Commitment to Responsible Business

M23 recognizes that the payment of tax contributes to the communities and markets in which it operates. The Company is committed to conducting its affairs in a manner consistent with its values of integrity, accountability, transparency, and long-term stewardship.

 

Approved by the Board of Managing Partners
M23 Global Holdings Ltd.

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This statement is published in accordance with Schedule 19, Finance Act 2016, and applies to the financial year ending 31 December 2027 and subsequent periods until superseded.