Video Games Tax Relief (VGTR) - Revision history

UkieColm: /* Number of applications and reported budget */

2021-08-26T11:25:10Z

‎Number of applications and reported budget

UkieColm: /* Number of applications and reported budget */

2021-08-25T16:40:41Z

‎Number of applications and reported budget

UkieColm: /* Tax relief paid to games companies */

2021-08-24T09:21:26Z

‎Tax relief paid to games companies

UkieLuke: /* Resources */

2021-06-16T13:02:31Z

‎Resources

UkieColm: UkieColm moved page Video Game Tax Relief (VGTR) to Video Games Tax Relief (VGTR): Updating title of page to match title of tax releif scheme (ie. Games rather than Game)

2021-01-18T11:20:44Z

UkieColm moved page Video Game Tax Relief (VGTR) to Video Games Tax Relief (VGTR): Updating title of page to match title of tax releif scheme (ie. Games rather than Game)

UkieColm: /* Tax relief paid to games companies */

2021-01-15T15:58:16Z

‎Tax relief paid to games companies

UkieColm: /* Economic Impact of VGTR */

2021-01-15T15:57:14Z

‎Economic Impact of VGTR

UkieColm at 09:44, 14 January 2021

2021-01-14T09:44:04Z

UkieColm: /* Understanding the Video Games Tax Relief */

2021-01-13T23:54:42Z

‎Understanding the Video Games Tax Relief

UkieColm at 19:12, 13 January 2021

2021-01-13T19:12:54Z

@@ Line 114: / Line 114: @@
 === Number of applications and reported budget ===
-This table shows the combined total of interim and final certificates issued in each year alongside the budgets and UK expenditure of projects as reported by applicants. Adapted from tables published by [https://core-cms.bfi.org.uk/media/6322/download the BFI's Research and Statistics Unit]. More detailed breakdowns and further information can be found at that link.
+This section reports on [https://www.bfi.org.uk/industry-data-insights/official-statistics-release-calendar certification data] released by the BFI's Research and Statistics Unit, most recently published on 04 Feb 2021.
 {| class="wikitable"
 !Year
-!Number
+!Number of interim certificates
 !UK expenditure (£m)
 !Total budget (£m)
@@ Line 124: / Line 172: @@
 |-
 |style="text-align:left;" | 2015
-|style="text-align:right;" | 237
+|style="text-align:right;" | 121
-|style="text-align:right;" | 728.9
+|style="text-align:right;" | 548.0
-|style="text-align:right;" | 869.2
+|style="text-align:right;" | 603.6
-|style="text-align:right;" | 83.9%
+|style="text-align:right;" | 90.8%
 |-
 |style="text-align:left;" | 2016
-|style="text-align:right;" | 364
+|style="text-align:right;" | 175
-|style="text-align:right;" | 598.9
+|style="text-align:right;" | 396.7
-|style="text-align:right;" | 685.7
+|style="text-align:right;" | 461.2
-|style="text-align:right;" | 87.3%
+|style="text-align:right;" | 86.0%
 |-
 |style="text-align:left;" | 2017
-|style="text-align:right;" | 391
+|style="text-align:right;" | 179
-|style="text-align:right;" | 683.1
+|style="text-align:right;" | 434.3
-|style="text-align:right;" | 739.2
+|style="text-align:right;" | 461.7
-|style="text-align:right;" | 92.4%
+|style="text-align:right;" | 94.1%
 |-
 |style="text-align:left;" | 2018
-|style="text-align:right;" | 369
+|style="text-align:right;" | 174
-|style="text-align:right;" | 721.7
+|style="text-align:right;" | 519.8
-|style="text-align:right;" | 1,410.4
+|style="text-align:right;" | 1,146.5
-|style="text-align:right;" | 51.2%
+|style="text-align:right;" | 45.3%
 |-
 |style="text-align:left;" | 2019
-|style="text-align:right;" | 388
+|style="text-align:right;" | 139
-|style="text-align:right;" | 1,023.3
+|style="text-align:right;" | 399.1
-|style="text-align:right;" | 1,714.7
+|style="text-align:right;" | 508.0
-|style="text-align:right;" | 59.7%
+|style="text-align:right;" | 78.6%
 |-
 |style="text-align:left;" | 2020
-|style="text-align:right;" | 431
+|style="text-align:right;" | 169
-|style="text-align:right;" | 1,498.1
+|style="text-align:right;" | 1,079.4
-|style="text-align:right;" | 2,140.2
+|style="text-align:right;" | 1,685.6
-|style="text-align:right;" | 70.0%
+|style="text-align:right;" | 64.0%
 |}

@@ Line 114: / Line 114: @@
 === Number of applications and reported budget ===
-This table shows the combined total of interim and final certificates issued in each year alongside the budgets and UK expenditure of projects as reported by applicants. Adapted from tables published by [https://core-cms.bfi.org.uk/media/950/download the BFI's Research and Statistics Unit]. More detailed breakdowns and further information can be found at that link.
+This table shows the combined total of interim and final certificates issued in each year alongside the budgets and UK expenditure of projects as reported by applicants. Adapted from tables published by [https://core-cms.bfi.org.uk/media/6322/download the BFI's Research and Statistics Unit]. More detailed breakdowns and further information can be found at that link.
 {| class="wikitable"
@@ Line 130: / Line 130: @@
 |-
 |style="text-align:left;" | 2016
-|style="text-align:right;" | 365
+|style="text-align:right;" | 364
-|style="text-align:right;" | 603.9
+|style="text-align:right;" | 598.9
-|style="text-align:right;" | 691.4
+|style="text-align:right;" | 685.7
 |style="text-align:right;" | 87.3%
 |-
@@ Line 138: / Line 138: @@
 |style="text-align:right;" | 391
 |style="text-align:right;" | 683.1
-|style="text-align:right;" | 739.1
+|style="text-align:right;" | 739.2
 |style="text-align:right;" | 92.4%
 |-
@@ Line 148: / Line 148: @@
 |-
 |style="text-align:left;" | 2019
-|style="text-align:right;" | 381
+|style="text-align:right;" | 388
-|style="text-align:right;" | 977.6
+|style="text-align:right;" | 1,023.3
-|style="text-align:right;" | 1,664.6
+|style="text-align:right;" | 1,714.7
-|style="text-align:right;" | 58.7%
+|style="text-align:right;" | 59.7%
 |}

@@ Line 156: / Line 156: @@
 === Tax relief paid to games companies ===
-According to HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries statistics commentary], published August 2020, a total of '''£444 million''' has been paid out to '''1,460 claims''' since the relief was launched in April 2014. In 2019-20, '''350 claims''' were made for a total of '''£121 million''', which represented '''605 games'''. The table below shows the number of VGTR claims and the amount of relief paid on a receipts basis, split by size of claim for the past three years. For further detail and alternative breakdowns, please see HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries tax relief statistics tables] document.
+According to HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2021/creative-industries-statistics-commentary-august-2021 Creative industries statistics commentary], published August 2021, a total of '''£624 million''' has been paid out to '''1,815 claims''' since the relief was launched in April 2014. In 2020-21, '''350 claims''' were made for a total of '''£180 million''', which represented '''640 games'''. The table below shows the number of VGTR claims and the amount of relief paid on a receipts basis, split by size of claim for the past four years. For further detail and alternative breakdowns, please see HMRC's [https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1012787/creative_industries_tables_august_2021.ods Creative industries tax relief statistics tables] document.
 {| class="wikitable"
@@ Line 163: / Line 163: @@
 !colspan="2"|2018-19
 !colspan="2"|2019-20
 |-
 !Size of claim
 !Number
 !Amount (£m)
@@ Line 176: / Line 179: @@
 |style="text-align:right;" | *
 |style="text-align:right;" | 50
 |style="text-align:right;" | *
 |style="text-align:right;" | 40
@@ Line 187: / Line 192: @@
 |style="text-align:right;" | 30
 |style="text-align:right;" | *
 |-
 |style="text-align:left;" | £10,001 to £25,000
@@ Line 194: / Line 202: @@
 |style="text-align:right;" | 1
 |style="text-align:right;" | 60
 |style="text-align:right;" | *
 |-
@@ Line 202: / Line 212: @@
 |style="text-align:right;" | 2
 |style="text-align:right;" | 50
 |style="text-align:right;" | 2
 |-
@@ Line 210: / Line 222: @@
 |style="text-align:right;" | 3
 |style="text-align:right;" | 50
 |style="text-align:right;" | 3
 |-
@@ Line 218: / Line 232: @@
 |style="text-align:right;" | 12
 |style="text-align:right;" | 75
 |style="text-align:right;" | 18
 |-
@@ Line 223: / Line 239: @@
 |style="text-align:right;" | 10
 |style="text-align:right;" | 8
-|style="text-align:right;" | 25
+|style="text-align:right;" | 20
-|style="text-align:right;" | 14
+|style="text-align:right;" | 13
 |style="text-align:right;" | 15
 |style="text-align:right;" | 11
 |-
 |style="text-align:left;" | Over £1,000,000
@@ Line 235: / Line 253: @@
 |style="text-align:right;" | 30
 |style="text-align:right;" | 85
 |-
 |style="text-align:left;" | '''Total'''
 |style="text-align:right;" | '''345'''
 |style="text-align:right;" | '''103'''
 |style="text-align:right;" | '''350'''
-|style="text-align:right;" | '''104'''
+|style="text-align:right;" | '''180'''
 |}
 ''Source: HMRC Management Information Systems (MIS)''<br />

← Older revision		Revision as of 13:02, 16 June 2021
Line 256:		Line 256:
	*GOV.UK – [https://www.gov.uk/guidance/claiming-video-games-tax-relief-for-corporation-tax Video Games Tax Relief]		*GOV.UK – [https://www.gov.uk/guidance/claiming-video-games-tax-relief-for-corporation-tax Video Games Tax Relief]
	*GOV.UK – [https://www.legislation.gov.uk/ukpga/2013/29/schedule/17 Relevant Legislation]		*GOV.UK – [https://www.legislation.gov.uk/ukpga/2013/29/schedule/17 Relevant Legislation]
		+	*[https://www.ipsos.com/ipsos-mori/en-uk/video-games-tax-relief-evaluation Video Games Tax Relief Evaluation Report], (IPSOS, Aug 2017)

@@ Line 156: / Line 156: @@
 === Tax relief paid to games companies ===
-According to HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries statistics commentary], published August 2020, a total of '''£444 million''' has been paid out to '''1,460 claims''' since the relief was launched in April 2014. In 2019-20, '''350 claims''' were made for a total of '''£121 million''', which represented '''605 games'''. The table below shows the number of VGTR claims and the amount of relief paid on receipts basis, split by size of claim for the past three years. For further detail and alternative breakdowns, please see HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries tax relief statistics tables] document.
+According to HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries statistics commentary], published August 2020, a total of '''£444 million''' has been paid out to '''1,460 claims''' since the relief was launched in April 2014. In 2019-20, '''350 claims''' were made for a total of '''£121 million''', which represented '''605 games'''. The table below shows the number of VGTR claims and the amount of relief paid on a receipts basis, split by size of claim for the past three years. For further detail and alternative breakdowns, please see HMRC's [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries tax relief statistics tables] document.
 {| class="wikitable"

← Older revision	Revision as of 11:20, 18 January 2021
(No difference)

@@ Line 253: / Line 253: @@
 *HMRC – [https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020 Creative industries statistics]
 *BFI – [https://www.bfi.org.uk/film-industry/british-certification-tax-relief/cultural-test-video-games The Cultural Test for Video Games]
-*BFI – Research and Statistics
+*BFI – [https://www.bfi.org.uk/industry-data-insights/official-statistics-release-calendar Research and Statistics]
-*GOV.UK – Video Games Tax Relief
+*GOV.UK – [https://www.gov.uk/guidance/claiming-video-games-tax-relief-for-corporation-tax Video Games Tax Relief]
-*GOV.UK – Relevant Legislation
+*GOV.UK – [https://www.legislation.gov.uk/ukpga/2013/29/schedule/17 Relevant Legislation]

@@ Line 1: / Line 1: @@
 == Understanding the Video Games Tax Relief ==
-In the UK, qualifying companies can claim tax relief on the developemnt of video games. This [https://www.gov.uk/guidance/claiming-video-games-tax-relief-for-corporation-tax video games tax relief] (VGTR) is intended [https://ec.europa.eu/competition/state_aid/cases/270946/270946_1940785_80_2.pdf to address the underproduction of culturally European video games]. Similar [https://www.gov.uk/guidance/corporation-tax-creative-industry-tax-reliefs creative industry tax reliefs] are available across the other creative sectors such as film, animation and theatre.
+In the UK, qualifying companies can claim tax relief on the development of video games. This [https://www.gov.uk/guidance/claiming-video-games-tax-relief-for-corporation-tax video games tax relief] (VGTR) is intended [https://ec.europa.eu/competition/state_aid/cases/270946/270946_1940785_80_2.pdf to address the underproduction of culturally European video games]. Similar [https://www.gov.uk/guidance/corporation-tax-creative-industry-tax-reliefs creative industry tax reliefs] are available across the other creative sectors such as film, animation and theatre.
 ===The value of the tax relief===

@@ Line 246: / Line 246: @@
 ''Source: HMRC Management Information Systems (MIS)''<br />
 Numbers are rounded to the nearest 5 and amounts to £1 million. Totals may not sum due to rounding.<br />
-(*) Value suppressed as amount less than £1 million
+<nowiki>*</nowiki>Value suppressed as amount less than £1 million
 == Resources ==