UK video game tax relief claims jumped 10% in 2023
HMRC has additionally corrected final 300 and sixty five days’s files to say a substantial soar for the outdated 300 and sixty five days
The HMRC has published that video game tax relief payouts leapt 10% within the 2022-23 financial 300 and sixty five days.
525 claims were made per files from the UK govt’s Artistic Industries Statistics commentary, totalling £282 million of relief paid out.
The amplify become attributed to a “upward push in high value claims” of over £2 million, as well to the VGTR no longer being as “severely impacted by the COVID-19 pandemic as utterly different ingenious sector reliefs.”
Nearly half the claims were small quantities of £50,000 or much less, while claims over £500,000 accounted for 87% of the entire relief paid.
The HMRC has additionally admitted it become substantially out when it published final 300 and sixty five days that there become a tumble in Video Game Tax Support claims within the UK.
The department has revised payout files for the UK’s VGTR final 300 and sixty five days by 36%, from £189 million to £257 million, for the financial 300 and sixty five days 2021-22
Based mostly totally mostly on Games Inv