LONDON, Feb. 1, 2021 /PRNewswire/ — Today, TIGA, the trade association representing the video games industry, has published a new report evidencing the benefits of an increase in Video Games Tax Relief (VGTR) from 25 per cent to 32 per cent. The report, Boosting the UK Video Games Industry: Increasing Video Games Tax Relief (TIGA, 2021) analyses survey data from industry, data from government and economic modelling. The report demonstrates that a 32 per cent rate of VGTR would result in more investment, greater headcount growth and larger tax receipts for HM Treasury.
TIGA’s research reaffirms the strong, direct, causal link between VGTR and the growth in UK games development companies and industry headcount. Average annual headcount growth from the date when companies could actually claim VGTR in 2014 until April 2020 has been 8.9 per cent. In a TIGA…
