Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential economic merits of the Independent Game Developers' Association's proposal for an increase in the rate of video games tax relief from 25 per cent to 32 per cent.
In 2019-20 the Video Games Tax Relief (VGTR) supported UK expenditure of £355 million on the production of 150 video games.
The Government keeps all tax reliefs under review, and regularly receives proposals for changes to tax reliefs. When considering changes, HM Treasury must ensure they provide support to businesses across the economy in a fair way and represent good value for money for the taxpayer.