½Û×ÓÊÓƵ

The following rules apply to accounting periods ending before 1 January 2024. From 1 January 2024 tax relief for video games is given through the video games expenditure credit (VGEC), see D7.1203. The transition to the revised tax relief rules post 1 January 2024 is voluntary but will be obligatory for new productions from 1 April 2025 and for all productions from 1 April 2027, at which point the previous tax reliefs will cease. Where a company elects into the VGEC and the accounting period straddles 1 January 2024, expenditure is apportioned.

Losses incurred by a video games development company in any accounting period while the game is still in development can only be carried forward and set against future profits of that same trade¹. They may not be relieved sideways, carried forward for relief against total profits or surrendered for group relief. Losses