All publications for 04.10.2019
Sony, Sega and WarnerMedia claim millions in UK tax relief
Under UK’s Video Games Tax Relief (VGTR) system, game developers can claim back up to 20% of some production costs. Warner Media, which owns Rocksteady (Batman: Arkham series) and Traveller’s Tales (the Lego games), used the policy to claim up to £60m in corporation tax relief. Sony claimed around £30m, while Sega received a £20m tax reduction.
Guardian published these findings to restart the discussion on whether VGTR creates inadequate tax avoidance opportunities.