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A report by TIGA shows that the UK games industry grew faster in 2019/20 than at any time since reporting began in 2007, thanks in part to VGTR.
The UK gaming sector has gone from strength to strength in recent years and there’s a range of funding supports available.
Video Games Tax Relief (VGTR) can be claimed in respect of games developed for any platform, such as video game consoles, tablets, PCs and, yes, smartphone gaming apps.
As part of the government’s efforts in supporting businesses during the COVID-19 pandemic, high-growth, innovative UK companies will be offered £1.25 billion in taxpayer-funded loans.
E-sports is a relatively new phenomenon, but thanks to the likes of YouTube and others its popularity has now grown to become a billion dollar industry.
The UK gaming market is now worth nearly £6 billion, partly due to the meteoric success of titles like The Grand Theft Auto & Tomb Raider series.
The British Video Games Industry is going through some exciting times right now. According to the trade association that represents the UK gaming sector - TIGA - the industry is worth well over £500 million to Britain in tax take.
Myriad Associates has kindly volunteered a day of Chris Dowsett's time to impart FREE expert advice to Ukie members on video games tax relief.