Your trusted adviser for R&D Tax Credits, Creative Tax Relief, and R&D Grants
Your trusted adviser for R&D Tax Credits, Creative Tax Relief, and R&D Grants
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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.
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.
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.
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.
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.
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.
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)
Kuju Ltd was claiming R&D Tax Credits with the assistance of their accountants when they ran into a number of technical hurdles...
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