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Video Games Tax Relief has triggered £2.4bn in UK economic growth since 2014

GamesIndustry.biz

Sign up for the GI Daily here to get the biggest news straight to your inbox The UK's Video Games Tax Relief has driven an estimated £2.4 That's according to analysis by Games Investor Consulting , shared with GamesIndustry.biz , that also shows the Treasury has issued over £1.1

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UK video games tax relief claimed drops 6%

GamesIndustry.biz

For the first time since its introduction in 2014, the UK has experienced a drop in Video Games Tax Relief. There were 350 claims made for VGTR in the 2021-22 financial year, totalling £189 million in relief. Read more

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How is the UK's Video Games Tax Relief changing next year?

GamesIndustry.biz

Sign up for the GI Daily here to get the biggest news straight to your inbox More details have emerged surrounding the UK government's plans to transform the current Video Games Tax Relief (VGTR) initiative that allows games companies to claim back some of their expenditure. Read more

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UK Government increases tax relief support for video games

GamesIndustry.biz

The UK Government will replace Video Games Tax Relief with more aggressive support under the name: Video Games Expenditure Credit. The new games credit will have a rate of relief of 34% on 80% of ‘qualifying expenditure’, which is up on the previous rate of 25%.

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TIGA: Video Game Expenditure Credit offers only 0.5% more than current tax relief

GamesIndustry.biz

TIGA has raised concerns about the upcoming Video Games Expenditure Credit and has called for the UK government to bring the new incentive more in line with the current Video Games Tax Relief. The trade body said growth "could be jeopardised" unless the VGEC is introduced with careful consideration.

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Could subscription services rescue the AA-tier game? | Opinion

GamesIndustry.biz

The gap this has left in the market, however, has been thrown into even sharper relief by a handful of recent events. The move to $70 price points for AAA games has made consumers very conscious of how many self-styled AAA games are actually just AA-tier games tottering around in heavy make-up and their older sister's high heels.

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The UK Government has announced additional tax relief for the games industry

Game Development News

The UK Government has announced that the Video Games Tax Relief system will be replaced with a Video Games Expenditure Credit system as part of the 2023 Spring Budget

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