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1695361

registered interest
date	12/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of the additional tax relief for visual effects on the visual effects industry.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	18107
answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>At Spring Budget 2024, the government announced that from 1 April 2025, companies claiming the Audio-Visual Expenditure Credit (AVEC) will be able to receive a 5-percentage point increase in tax relief (a total rate of 39%) on UK visual effects costs in film and high-end TV productions. The government will also remove the AVEC’s 80% cap on expenditure for UK visual effects costs, so companies will be able to claim relief on all UK visual effects spend.</p><p>The policy objective is to incentivise companies to use more visual effects in their film and high-end TV productions, and for that visual effects work to be carried out in the UK.</p><p>The government will shortly publish a 10-week consultation on the types of cost that will be in scope of the additional tax relief.</p><p>As the details of policy are under development, the government cannot yet publish an assessment of its impact on the visual effects industry. The government will publish a Tax Information and Impact Note in due course.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 19/03/2024 16:18:08 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4006 label Biography information for Dr Matthew Offord

1695080

registered interest
date	11/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much Video Games Tax Relief was paid out to companies with production values above £15 million in each year between 2020 and 2023.
tabling member constituency	North Swindon
tabling member printed	Justin Tomlinson
uin	17884
answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>HMRC publishes statistics on the cost of video games tax relief here: <a href="https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023" target="_blank">https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023</a></p><p> </p><p>A breakdown of claims by production budgets is not available. However, within the National Statistics (Video Games – Table 4.2) there is a breakdown by the size of the claim.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 17885 question first answered 19/03/2024 16:38:20 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4105 label Biography information for Justin Tomlinson

1695081

registered interest
date	11/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much Video Games Tax Relief was paid out to companies with production values below £15 million in each year between 2020 and 2023.
tabling member constituency	North Swindon
tabling member printed	Justin Tomlinson
uin	17885
answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>HMRC publishes statistics on the cost of video games tax relief here: <a href="https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023" target="_blank">https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023</a></p><p> </p><p>A breakdown of claims by production budgets is not available. However, within the National Statistics (Video Games – Table 4.2) there is a breakdown by the size of the claim.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 17884 question first answered 19/03/2024 16:38:20 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4105 label Biography information for Justin Tomlinson

1682047

registered interest
date	15/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many games studios have benefited from Video Games Tax Relief since its introduction.
tabling member constituency	North Swindon
tabling member printed	Justin Tomlinson
uin	9510
answer	answer is ministerial correction date of answer 23/01/2024 answer text <p>HMRC publishes information on the number of companies that claim Video Games Tax Relief on an annual basis. The latest figures include data up to the 2021-2022 tax year.</p><p> </p><p><a href="https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023" target="_blank">https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023</a>.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 23/01/2024 11:40:22 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4105 label Biography information for Justin Tomlinson

1682048

registered interest
date	15/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the impact of Video Games Tax Relief on inward investment into the UK video games industry.
tabling member constituency	North Swindon
tabling member printed	Justin Tomlinson
uin	9511
answer	answer is ministerial correction date of answer 23/01/2024 answer text HMRC commissioned an independent evaluation of Video Games Tax Relief (VGTR) which included an assessment of the impact on inward investment. The findings can be found here:<p> </p><p><a href="https://www.gov.uk/government/publications/video-game-tax-relief-evaluation" target="_blank"><em>https://www.gov.uk/government/publications/video-game-tax-relief-evaluation</em></a><em>.</em></p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 23/01/2024 11:34:41 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4105 label Biography information for Justin Tomlinson

1658309

registered interest
date	05/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of how many gaming companies in (a) the UK and (b) Enfield North constituency have benefited from Video Games Tax Relief in the most recent year for which data is available.
tabling member constituency	Enfield North
tabling member printed	Feryal Clark
uin	197922
answer	answer is ministerial correction date of answer 12/09/2023 answer text <p>While HMRC does not hold information at a constituency level, the number of companies benefiting from the Video Games Tax Relief can be found in Table 4.1 of:</p><p><a href="https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023" target="_blank">https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023</a></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 12/09/2023 14:58:16 answering member 4399 label Biography information for Victoria Atkins
tabling member	4822 label Biography information for Feryal Clark

1656847

registered interest
date	01/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of how many gaming companies in (a) the UK and (b) Warwick and Leamington constituency have benefited from Video Games Tax Relief in the most recent year for which data is available.
tabling member constituency	Warwick and Leamington
tabling member printed	Matt Western
uin	196537
answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>While HMRC does not hold information at a constituency level, the number of companies benefiting from the Video games tax relief can be found in Table 4.1 of:</p><p><a href="https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023" target="_blank"><strong>https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023</strong></a></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 11/09/2023 12:51:01 answering member 4399 label Biography information for Victoria Atkins
tabling member	4617 label Biography information for Matt Western

1609784

registered interest
date	14/04/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what guidance his Department issues on the liability to corporation tax of the video games expenditure credit.
tabling member constituency	Warwick and Leamington
tabling member printed	Matt Western
uin	179917
answer	answer is ministerial correction date of answer 24/04/2023 answer text <p>The government will set out the detail of the Video Games Expenditure Credit (VGEC) alongside draft legislation in Summer 2023 and welcomes feedback. After this is published, the government will provide thorough guidance and education about how VGEC will work.</p><p> </p><p> </p><p>It was announced at Spring Budget 2023 that VGEC will be introduced from 1 January 2024. VGEC will be calculated directly from qualifying expenditure and have a credit rate of 34%, which will provide a greater benefit than the current Video Games Tax Relief. The expenditure credit model will also provide businesses with greater clarity about the amount of credit they can expect to receive and greater flexibility over production decisions. In addition, this reform will ensure video games tax relief continues to work as intended following the implementation of the OECD ‘Pillar 2’ rules in the UK and elsewhere.</p><p> </p><p>VGEC will be modelled after the R&amp;D Expenditure Credit (RDEC). The credit will be liable to Corporation Tax, like RDEC, and this was taken into account when the credit rate was set at 34%.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 24/04/2023 16:04:19 answering member 4399 label Biography information for Victoria Atkins
tabling member	4617 label Biography information for Matt Western

1538344

registered interest
date	01/11/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of the proposal by The Independent Game Developers’ Association to increase video games tax relief from 25 per cent to 32 per cent.
tabling member constituency	Dundee West
tabling member printed	Chris Law
uin	75968
answer	answer is ministerial correction date of answer 08/11/2022 answer text <p>The Government recognises the valuable economic and cultural contribution of the video games industry. The Video Games Tax Relief (VGTR) has supported £5.1 billion of UK expenditure on 1,940 games since its introduction in 2014.</p><p> </p><p>At Spending Review 2021 the government confirmed £8 million for the continuation of the UK Games Fund which provides bespoke support for the UK’s independent video game industry.</p><p> </p><p>The Government regularly receives proposals for changes to tax reliefs. When considering changes, the Government must ensure they provide support to businesses in a fair way and that taxpayer money is effectively targeted. An uplift in the rate of VGTR is not currently under consideration. However, the Government keeps all tax reliefs under review.</p><p> </p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 08/11/2022 12:06:25 answering member 4519 label Biography information for James Cartlidge
tabling member	4403 label Biography information for Chris Law

1535303

registered interest
date	24/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Video Games: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Irish Government’s recent announcement of a higher rate of video games tax relief at 32 per cent on the UK's video games sector; and whether he plans to accept the recommendation of The Independent Game Developers’ Association (TIGA) to increase the rate of video games tax relief in the UK.
tabling member constituency	Glasgow North West
tabling member printed	Carol Monaghan
uin	69676
answer	answer is ministerial correction date of answer 31/10/2022 answer text <p>The Government recognises the valuable economic and cultural contribution of the video games industry. The Video Games Tax Relief (VGTR) has supported £5.1 billion of UK expenditure on 1,940 games since its introduction in 2014.</p><p> </p><p>At Spending Review 2021 the government confirmed £8 million for the continuation of the UK Games Fund which provides bespoke support for the UK’s independent video game industry.</p><p> </p><p>The Government regularly receives proposals for changes to tax reliefs. When considering changes, the Government must ensure they provide support to businesses in a fair way and that taxpayer money is effectively targeted. An uplift in the rate of VGTR is not currently under consideration. However, the Government keeps all tax reliefs under review.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 31/10/2022 16:50:20 answering member 4519 label Biography information for James Cartlidge
tabling member	4443 label Biography information for Carol Monaghan