Commentary

D7.1268 Video games tax relief—provisional entitlement to relief

Corporate tax
Corporate tax | Commentary

D7.1268 Video games tax relief—provisional entitlement to relief

Corporate tax | Commentary

D7.1268 Video games tax relief—provisional entitlement to relief

The Secretary of State may grant an interim certificate (see D7.1261) certifying that a game is a 'British video game', thereby entitling it to video games tax relief. In addition to video games tax relief, certification as a British video game also enables a qualifying game to transfer its terminal losses to another qualifying game (see D7.1255).

The rules governing provisional entitlement to relief1 for games where an interim certificate has been granted are set out in CTA 2009, Pt 15B Ch 5. The rationale behind those provisions is to ensure that companies that are entitled to relief can obtain it in the relevant accounting period, without having to wait until the game is completed. To that end, there are provisions for clawing back the relief if, on completion of the game, a final certificate is not issued.

Interim accounting periods

Interim accounting periods are accounting periods earlier than that in which either the game was completed, or video game development activities in respect of the game were

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