HomeInsightsHMRC figures show that over 1000 claims have been successfully made since the introduction of VGTR in 2014

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Analysing HMRC’s figures, Ukie says that a total of £324 million has been paid out to 1,110 claims since VGTR was introduced. In this time, Ukie says that over 1,075 games have made claims, which has supported £2.6 billion investment in British content, “highlighting the invaluable government and public support provided by the scheme”.

In 2018-19, 535 games benefited from the scheme, an increase of 12.6% on the previous year. The total support for games remained broadly at the same level as the previous year with a total of £103 million in tax relief across 345 claims.

Importantly, Ukie says, more than half of claims successfully made under VGTR represented figures totalling £50,000 or less. According to Ukie, this demonstrates that “the relief provides crucial support to smaller projects, strengthening the industry’s grass roots along with its international reach”. To read Ukie’s news release in full and for a link to HMRC’s Creative Industries Statistics, click here.