The HMRC has revealed that video game tax relief payouts leapt 10% in the 2022-23 financial year.
525 claims were made according to data from the UK government’s Creative Industries Statistics commentary, totalling £282 million of relief paid out.
The increase was attributed to a “rise in high value claims” of over £2 million, in addition to the VGTR not being as “severely impacted by the COVID-19 pandemic as other creative sector reliefs.”
