Tax Credits
With a games publisher at our core, we have lots of experience making VGTR and R&D claims and dealing with HMRC. We know that it can often be a long, drawn out process. PlayIgnite works in partnership with leading Chartered Accountants who specialise in Creative Industry Tax Reliefs, to take the pain out of your claim.
This can work in two ways. Either send us your accounts, development costs and BFI certificate and we will calculate your claim on your behalf. Alternatively, if you have already made a claim but are waiting for tax credits in the form or R&D or VGTR refunds, we can assess your credit status and give you the money immediately. Or we can do both!
What is R&D Tax Relief?
Research and Development tax relief is a refund from HMRC for companies that work on innovative projects in science and technology. Companies can deduct an extra 130% of their qualifying costs from their yearly profit in addition to the normal 100% deduction, to make a total of 230% Or they can claim a tax credit if the company is loss making worth up to 14.5% of the surrendered loss.
Qualifying Costs
Salaries & Wages
Subcontractor Costs (65%)
Consumable items & Software
What is VGTR?
Video Game Tax Relief is a cash refund from HMRC based on your development spend on a game. Typically it is 20% of the spend incurred

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