The HM Revenue and Customs revealed that UK developers claimed £180 million ($247 million) in tax relief over the year. It is up 48% year-over-year.
350 claims were approved for the Video Games Tax Relief program for the 2020-2021 tax year, according to GamesIndustry.biz. These claims cover 640 games from local developers.
87% of total tax claims approved by the HM Revenue and Customs exceeded $686,000, which is also an increase year-over-year.
The tax relief program for UK developers was implemented in 2014, with 1,640 video games getting approved claims ever since.
- No More Robots’ Mike Rose: “The idea that the longer you spend on a game the more money it will make is just a complete fallacy”
- Game developers on why everyone — from writers to HR and designers — should be considered devs
- CD Projekt, Ubisoft, and Firaxis among top 10 developers by total revenue on Steam
- Former PlayStation boss Shawn Layden predicts $200-million budgets for PS5 games