On Wednesday 5 August 2020, TIGA, the trade association representing the video games industry, has published a guide to the Research & Development (R&D) Tax Incentive Schemes.
TIGA have paired with MMP Tax to produce this guide, which provides the key information about which tax incentives are available, how much can be saved through tax incentive schemes, who can claim and which costs quality for the schemes. The guide also outlines the differences between Video Games Tax Relief (VGTR) and R&D tax relief, and the process of making a claim.
Dr Richard Wilson OBE, CEO of TIGA, said:
“R&D Tax Incentive Schemes are vital in allowing the UK video games industry to develop and to compete with its international competitors. They are designed to incentivise innovation and technological advancement in the UK. UK games businesses should aim to take full advantage of R&D Tax Credits and Video Games Tax Relief to grow and develop their business, and I hope that this guide can help games businesses explore how they can benefit from R&D Tax Relief.”
David Marshall, Director at MMP, said:
“The development of video games play an ever more important role in today’s uncertain world, both for the economy and for the mental well-being of the people who play them. MMP was very pleased to be asked to prepare this R&D report for TIGA members, and is delighted to help through this in increasing the understanding of this vital tax incentive”
Alexis Marz Director at MMP, enthused:
“We love working with TIGA members on their R&D and VGTR claims and helping them get the best return from their development efforts, and I hope that this report will help in making good use of the reliefs available to them, while avoiding the pitfalls of taking the wrong advice in this complex field.”
To request a copy of the guide, please contact suzi@tiga.org.
Notes to editors
About TIGA
TIGA is the network for games developers and digital publishers and the trade association representing the video games industry. Since 2010, TIGA has won 28 business awards and commendations and has been successfully accredited as an Investors in People organisation three times. TIGA focuses on four sets of activities:
- Political representation
- Media representation
- University accreditation and recognising excellent employment practices via the TIGA STAR
- Membership services
This enhances the competitiveness of our members by providing benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities. It also means our members’ voices are heard in the corridors of power and positively represented in national, broadcast and UK video games trade media.
Get in touch:
Tel: 0845 468 2330
Email: info@tiga.org (mailto:info@tiga.org)
Web: www.tiga.org (https://www.tiga.org/)
Twitter: www.twitter.com/tigamovement
Facebook: www.facebook.com/TIGAMovement
LinkedIn: http://www.linkedin.com/company/tiga
For further information, you can also contact: Dr Richard Wilson, TIGA CEO by email: richard.wilson@tiga.org