Finance Act 2014 Explanatory Notes

Background Note

10.Video games tax relief was introduced by Finance Act 2013.  The regime has not yet commenced as it is awaiting State aid approval from the European Commission.

11.The new video games development relief will allow eligible companies engaged in the production of qualifying video games to claim an additional deduction in computing their taxable profits and where that additional deduction results in a loss, to surrender those losses for a payable tax credit.

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