According to latest findings from The Independent Game Developers' Association, nearly three-quarters of UK games companies feel growth in the sector will continue in 2022. Video Games Tax Relief is a major player in this - could your company claim thousands back?
Research and development can be expensive. But as more and more companies realise the very generous tax reliefs available to help, claims have been steadily increasing.
The stats are out - here we take a look.
UK registered businesses and organisations can apply for a share of up to £20m for digital innovation projects that will improve the resource efficiency and energy efficiency of manufacturing processes in factories.
At the previous Budget in Spring, the government launched a review of R&D tax reliefs alongside a public consultation. The Chancellor has now announced a series of initial changes as part of this review.
The government, keen to support the growth of the creative industry, have paid out over £1.3 billion in R&D tax relief to encourage research and development projects across the whole of the creative industry
The ‘super deduction’ and the ‘SR allowance’ are two temporary allowances that have been introduced by the government to encourage investment in businesses and offer some much-needed relief for UK companies.