![171623](https://www.taxation.co.uk/images/default-source/woodwing/171623.png?sfvrsn=466c84c8_2)
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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