The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
In order to qualify for video games tax relief, the video game must be certified by the Secretary of State as a ‘British’ video game by demonstrating various connections to the UK or EEA. This guidance note sets out the provisions for the video games cultural test which are detailed in the Cultural Test (Video Games) Regulations 2014, SI 2014/1958. Further guidance and details of the pre-approval process are on the British Film Industry (BFI) website at The cultural test for video games.
In order to satisfy the requirements of the cultural test, points are awarded based upon the level of UK / EEA connections a video game has. A video game passes the cultural test if it is awarded at least 16 points out of 31. Details of the precise scoring mechanism are set out in the Regulations; however, a summary of the relevant tests can be found below, based on the guidance published on the BFI website.
In order to pass the cultural test, the video game must meet the following tests:
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
This guidance note explains the main scenarios where UK companies (other than financial institutions, etc) must withhold tax at source on payments of interest and how this is dealt with in practice.Obligation to withhold income tax from certain paymentsWhen UK companies, or partnerships of which a
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in certain cases, expenditure on acquiring such a building or structure, qualifies for an SBA. The following note has been updated for the changes announced
What is transfer pricing?Transfer pricing is the prices at which an enterprise transfers either physical goods, intangible property or services, including financing arrangements, to associated enterprises. Generally, enterprises are associated if there is direct or indirect control by one of the
This guidance note covers measures in place to allow taxpayers to defer VAT payments as a result of pressures faced due to the coronavirus pandemic.For an overview of the impact of coronavirus on VAT more broadly, see the Coronavirus (COVID-19) and VAT ― overview guidance note.See also the CIOT