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From 1 January 2024 tax relief for video games is given through the video games expenditure credit (VGEC). Prior to 1 January 2024 relief was provided through an additional corporation tax deduction or a tax credit (see D7.1250 onwards). The transition to the revised tax relief rules post 1 January 2024 is voluntary but will be obligatory for new productions from 1 April 2025 and for all productions from 1 April 2027, at which point the previous tax reliefs will cease. Where a company elects into the VGEC and the accounting period straddles 1 January 2024, expenditure is apportioned.

VGEC is available to qualifying producers of qualifying video games and the qualifying conditions for are set out below.

A video game qualifies for relief if it¹:

1. Ìý

   •ÌýÌýÌýÌý is intended for supply

2. Ìý

   •ÌýÌýÌýÌý is certified as a British video game

3. Ìý

   •ÌýÌýÌýÌý meets the condition in respect of UK expenditure, and

4. Ìý

   •ÌýÌýÌýÌý is not an excluded game which means any video game produced for advertising or promotional