Video Games Tax Relief (VGTR)
Did you know that over 95% of video game companies in the UK are small to medium-sized businesses?
So what tax relief is available for those limited companies striving to fill our ever-growing appetite for computer games?
British companies developing video games have been able to claim tax relief of up to 25% on their production costs since April 2014.
HMRC have criteria in place and the system is easy to navigate. Companies are entitled to claim relief as long as;
- the video game is British
- the video game is intended for supply
- at least 25% of core expenditure is incurred on goods or services that are provided from within the European Economic Area (EEA)