Video games tax relief

Tech Relief - Helping technology companies that design video games to claim Video Games Tax Relief

R&D tax relief for technology companies

Video games tax relief is a government incentive that lowers your tax bill.

 

When a company develops a video game and spends £100,000 on production, this expenditure can qualify for additional Corporation Tax relief. 

 

If the company makes a loss for the year, the company can claim back 25% of the loss from HMRC. 

 

If the company is profit making then up to £45,000 of tax can be saved. 

 

You may be able to claim Corporation Tax relief if your video game project is certified by the BFI, is intended for supply to the general public and passes a cultural test.

 

Our approach to video games tax relief

We will assess whether your video games meet the various tests set out in tax legislation. If they do, we will identify and quantify the relevant tax expenditure to maximise the tax relief available to you. We will model the possible outcomes before submitting a claim so that you can assess whether it is worthwhile for you. We will do the modelling at no additional cost to you where we are preparing your Corporation Tax return. 

 

Why choose our video games tax relief service

  • Complex compliance requirements - you need to submit a significant amount of information to HMRC to support your claim. Tech Relief will do this for you to ensure that your claim is successful.
  • Claiming for eligible costs -  not all expenditure qualifies for tax relief so we will undertake the detailed calculations required to make an accurate and successful claim.


Contact Tech Relief

For a free consultation with a Chartered Accountant call us today on 07586 955861 or send us an online enquiry so that we can assess your entitlement to video games tax relief.

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