HM Treasury recently launched a consultation on its proposals to significantly amend Video Games Tax Relief (VGTR) in three areas:
- Removing the eligibility of European expenditure from VGTR and replacing this with a requirement for expenditure to be ‘used or consumed’ in the UK.
- Raising or removing the £1m subcontracting cap.
- Replacing VGTR with an expenditure credit.
TIGA has launched a survey, which will help inform TIGA’s response to the consultation. TIGA would be very grateful if you could complete this survey (answers will be anonymised). By participating in this survey, TIGA will be able to represent the sector’s needs and interests effectively and accurately.
Please find the survey here.