Video Games Development Relief is one of four creative industry tax reliefs enabling qualifying companies to reduce their corporation tax liability by allowing them to claim a larger deduction for eligible expenses. In some circumstances the larger deduction will actually generate a payable tax credit.
Once the company and project have passed the eligibility cultural test, Video Games Development Relief entitles the company to payable tax credit worth 25% of qualifying production costs.
If your company produces video games, we can provide advice and guidance on whether you qualifying for the relief and how to apply for the tax credit. Bambridge Accountants specialises in providing tax and accountancy advice to companies, partnerships and individuals working in the tech and creative industries. We offer a free initial consultation to anyone wanting to find out more about our services, so contact us today to arrange an appointment.