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Research and development claim or creative relief claim: is it time to switch?

06 May 2024 / Kirsty Murray , Heather Williams
Issue: 4935 / Categories: Comment & Analysis , R&D relief , SMEs , tax reliefs , Admin
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Time to switch?

Key points

  • As a UK company developing video games there’s an opportunity to claim tax credits for qualifying expenditure incurred.
  • Two tax credit regimes exist: the R&D tax relief/credits regime and the video games tax relief/credits regime.
  • Ensure that the company considers which scheme to claim under while there is a choice so that it does not disqualify it from claiming under a more beneficial scheme later.
  • There have been many changes to the R&D tax regime. Their impact has been to reduce the financial benefit of this relief for SMEs and to reduce the attractiveness of these reliefs for genuine claimants.

As a UK company developing video games there’s an opportunity to claim tax credits for qualifying expenditure incurred under one of two tax credit regimes – the research and development (R&D) tax relief/credits regime and the video games tax relief/credits regime.

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