Video Games Tax Relief

Receive cash back through a video games tax credit

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.

What is Video Games Tax Relief (VGTR)?

VGTR is a government scheme that allows UK game developers to apply for tax relief funding from HMRC.

The computer game must qualify as being British under the Video Games Cultural Test which is administered by the British Film Institute (BFI). Video Games Tax Relief is part of the Creative Sector Tax Relief which also covers film production, animation and high-end television. Video Games Tax Relief is also known as the UK Games Tax Relief Scheme.

How to make a successful VGTR claim

To be eligible for Video Games Tax Relief, your company must be responsible for the majority of the planning, designing, developing, testing and producing of a game.

This company will be called the Video Games Development Company (VGDC).

At least 25% of your eligible costs must be incurred in the European Economic Area.

If two or more companies are working on the same game, only one may claim for VGTR.

Therefore it’s important to establish which company is the Video Games Development Company (VGDC) and will be making the claim.

What could your company receive as a cash payout?

Video Games Tax Relief is worth up to 20% of the core production costs of a game.

Loss making games can surrender the loss for a payable tax credit at a rate of 25%.

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.

The surrendable loss is the lower of either (a) the available loss or (b) the qualifying expenditure available.

What Our Clients Say

We’ve been working with Metric for several years now and through that time have received a great many suggestions, recommendations and counselling that have brought multiple economic benefits to our business.  They are true team players.

Brendan O’Toole, CEO

What makes us different

With Metric you’ll be best placed to make a successful VGTR claim because we have a well-established track record of helping Innovative companies, so you’ll receive expertise and advice that’s 100% relevant to your business.

We are Tech specialists

we only work with ambitious, technology companies and scalable businesses growing at least 25% per annum (either in terms of revenue or employees). This means that we are perfectly placed to help with your R&D Tax Credit application process, and beyond.

We are chartered accountants

What’s more, as we are a chartered accountancy firm, registered with the Institute of Chartered Accountants in England and Wales, you can have faith that we not only have knowledge and experience of your ever-changing business sector but financial acumen as well.

We charge fixed fees

We also operate on a fair, transparent, fixed fee basis, which avoids problems later on.

What does it cost and what’s involved?

We provide a complete Video Games Tax Relief service, which includes completion of all of the steps set here.

We will have a meeting to understand your business and your VGTR claim to enable us to prepare a successful claim. We will discuss how we would work with you, what will be involved and agree our fees for making a successful claim.

To submit a VGTR claim we need to submit an application to the BFI called an interim certification, this takes up to six weeks to receive.

We’ll prepare a technical document explaining about your claim and your Video Game and prepare tax schedules required.

We will submit the tax return with the interim certification and liaise with HMRC in case they have any questions.

If a VGTR rebate is due, you should receive a payment from HMRC approximately 60 days after the claim has been submitted.

What makes us different

We share your ethos

For many, the tech startup scene is about lifestyle choice and purpose. We feel the same way.

Involved in the disruptive community

We actively seek to interact and learn from the disruptive community in order to improve the ways in which we help.

Value for money

We strive to provide quality advice which is good value for money and on fair payment terms.

Our strong professional network

Because we are specialists, we have developed strong relationships with a range of key players in our sector.

If you want to find out more why not give us a call and book your free, no-obligation consultation today?

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