Game Republic

Plus Accounting updates guide with Video Games Expenditure Credit (VGEC)

Picture of the front of the guide for games companiesGame Republic Affiliate members Plus Accounting has published a new section on its comprehensive Indie Dev guide on navigating Video Games Expenditure Credit (VGEC).
VGEC is set to replace the current Video Games Tax Relief (VGTR). The government are due to publish draft legislation for these reforms in Summer 2023 and these reforms will be legislated for in a future Finance Bill. The new guide looks at all aspects of the new credit scheme which will have a rate of relief of 34% on 80% of ‘qualifying expenditure’. Two other key points for companies to consider in the new scheme is that expenditure made in the European Economic Area is no longer allowable qualifying expenditure and that the £1m per game cap on subcontracting costs no longer applies.

To get the full guide simply click here to get a free download.

Games companies looking for tax advice can get 10% of annual fees with Plus Accounting – to make an appointment to see how Plus Accounting can help you and your company click here.


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