Video Games: Tax Allowances
(asked on 12th April 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of the proposal by the games industry to increase video games tax relief from 25 per cent to 32 per cent.
This question was answered on 20th April 2021
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.