StarCitizen:Video Games Tax Relief: Difference between revisions
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The '''Video Games Tax Relief''' (VGTR), also known as the UK Games Tax Relief Scheme, is a tax relief incentive designed to support UK-based game developers. It allows qualifying companies to claim a payable cash tax credit on eligible expenditure. | The '''Video Games Tax Relief''' (VGTR), also known as the UK Games Tax Relief Scheme, is a tax relief incentive designed to support UK-based game developers. It allows qualifying companies to claim a payable cash tax credit on eligible expenditure. | ||
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The Video Games Tax Relief (VGTR), also known as the UK Games Tax Relief Scheme, is a tax relief incentive designed to support UK-based game developers. It allows qualifying companies to claim a payable cash tax credit on eligible expenditure.
Cloud Imperium UK Ltd is entitled to the VGTR.
Amount
- in 2021, CIG UK received £5,653,220 in tax relief incentive.<ref name=":0">Cloud Imperium Uk Ltd, Annual report and group financial statements for the year ended 31 December 2022</ref>
- In 2022, CIG UK received £6,948,322 in tax relief incentive.<ref name=":0" />
Closure
The Video Games Tax Relief will be closed to all productions from 1st April 2027, however [[StarCitizen::Category:Video game companies|video game companies]] may be able to continue to receive relief under the Video Games Expenditure Credit scheme.
References
<references />