Specialist R&D Tax & Grant Funding Advisors
Specialist R&D Tax & Grant Funding Advisors
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The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, announced in the Budget on 15th March that Video Games Tax Relief will be replaced with a Video Games Expenditure Credit.
Should you claim Video Games Tax Relief (VGTR), R&D Tax Credits, or both? Here we take a look.
Video Games Tax Relief (VGTR) is a generous tax relief that can help games companies cut costs, reduce innovation risk and get ahead.
HMRC has published its latest statistics around VGTR, showing that over £197 million was paid out in tax relief to video games businesses for the year to 31st March 2022.
The popularity of eSports is growing fast. Could your company benefit from Video Games Tax Relief and/or R&D Tax Credits to help with the cost of games development?
Does your company develop video games? If so, don’t miss out on potentially thousands of pounds thanks to generous Video Games Tax Relief!
Know your basic research from your incremental innovation? When it comes to innovation, you need to know what you’re talking about - especially around funding it.
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?
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
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.
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.
Mobile virtual reality headsets made VR super accessible to millions of people, but as of this month, they’re (unofficially at least) being consigned to the history books.
Video Games Tax Relief (VGTR) allows you to get back up to 20% for your game’s core expenditure, and you don’t have to wait for the game’s development to be complete.
If you are reading this, you are probably in a situation where you are looking to gain more information on how to claim VGTR.
Video Games Tax Relief is claimed as part of your company’s Corporation tax return (CT600) which you file with HMRC.
Before you can make an application for Video Games Tax Relief (VGTR), you will need to get your game certified as British by means of a cultural test administered by the British Film Institute (BFI)
As leading specialists in R&D tax credits and video games tax relief (VGTR) claims, we often get asked the question "Can I claim both R&D Tax Relief and VGTR?".
Video Games Tax Relief (known as VGTR) offers an excellent tax relief incentive for UK video game studios, which can benefit by claiming back up to 20% of their production costs.
Kuju Ltd was claiming R&D Tax Credits with the assistance of their accountants when they ran into a number of technical hurdles...
