UK developers claimed almost $250 million in tax relief last year

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.

Comments

Write a comment...

Analytics: Revenue of Last War: Survival has approached one billion dollars

Last War: Survival is a mobile strategy game set in a zombie apocalypse, developed by the Singaporean company First Fun. The game was released in July 2023. According to the analytics firm Sensor Tower, since its release, Last War: Survival has generated over $900 million