Thus the UK VGTR aims to ensure the UK games industry’s competitiveness on the global stage, promotes investment and job creation and encourage the production of culturally British video games.
The Video Games Tax Relief (VGTR) was established in 2014 to help support creativity in the UK games industry.
However, several of the speakers at the recent London Games Finance Summitnoted that games companies are still not taking as much advantage of the tax relief as they should.
At the end of the project, a final certificate is given and tax relief on any outstanding expenditure is claimed.