Video Games Tax Relief
Video Games Tax Relief (VGTR) allows UK game developers to claim back 20% of their production costs. To be eligible for Video Games Tax Relief, the game must pass the BFI cultural test and your company must be responsible for the majority of the planning, designing, developing and testing of the game. Computer game developed for any platforms can be claimed, this includes: - Video console games - Games for PCs - Games for smartphones, tablets, and other mobile devices. Video Games Tax Relief is worth up to 20% of the core production costs of a game. The Video Games Development Company receive tax relief based on the lower of either (a) the EEA expenditure or (b) 80% of the core expenditure. Loss making games can surrender the loss for a payable tax credit at a rate of 25%. The surrendable loss is the lower of either (a) the available loss or (b) the qualifying expenditure available.