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UK Government increases tax relief support for video games

The UK Government will replace Video Games Tax Relief with more aggressive support under the name: Video Games Expenditure Credit.

The news came out via today's Spring Budget announcement, which also confirmed the rise of corporation tax to 25% from next month (for companies with over £250,000 in profits).

The new games credit will have a rate of relief of 34% on 80% of ‘qualifying expenditure’, which is up on the previous rate of 25%.

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source https://www.gamesindustry.biz/uk-government-increases-tax-relief-support-for-video-games