Video games companies across the UK will be able to begin claiming tax relief on production costs, after the Government’s cultural regulations came into force yesterday.
With tax relief only available for companies producing games that are certified as culturally British, the move marks the completion of the legislation and the first companies will begin to benefit. Several have already applied.
The cultural test ensures that tax relief supports the production of culturally British games. Games are awarded points based on cultural content and the location and nationality of developers.