New figures from HMRC published in July 2018, show that for the first time since its inception, over £100m in Video Games Tax Relief was paid out in the financial year 2017-18, with 345 claims receiving a combined total of £105m.
These figures mean that the total amount of VGTR paid out to date has nearly doubled from the previous year to reach £230m over 770 claims.
Number of claims and amount of VGTR paid - April 2015 to March 2018
It is estimated that less than 10% of UK game developers are claiming Video Games Tax Relief.
A total of 114 games received final certification in the first half of 2017, an increase of 26% on the same period last year, the latest figures, released today from the BFI show. These games represent an EEA/UK spend of £84m from a total budget of £103m.
The latest figures from HMRC, released this morning, show that £73m in Video Games Tax Relief was paid out relating to 280 claims in 2016/17. This represents a 60% increase in payments from 2015/16 (£45.5m) and a 115% increase in claims (up from 130). These figures bring the total relief paid out since the relief's introduction in April 2014 to £119m, relating to 420 claims.
Ukie welcomes Parliament report call to reform support for games industry in Scotland
Video games trade body Ukie today backed calls in Scottish Affairs Committee’s report on Creative Industries to change the way the games industry is measures by government, and how it is supported.
2015: A Year in the Political Game
Before heading off for a holiday break, we took a look back at some of the highlights from this year of games industry engagement with government, parliament and UK politics.
We'd like to thank all of our members for their help throughout the year getting more recognition and support for our industry. None of what we do would be possible without you.