Property Accountants

Expert property accounting

We’re experts in property accounting, specialising in working with landlords, estate agents and architecture firms. We understand the importance of effective financial management in the property industry and are here to support you.

We’ll optimise your tax position, ensure you comply with all business regulations, and provide valuable financial guidance that will help take you where you want to go. Read on to discover more about our comprehensive service offerings.

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We understand that every property investor, estate agent and architecture firm has unique financial requirements. That’s why we always take the time to discuss your current situation and how our property accounting services can benefit you.

We’re here to help you every step of the way. Talk to us today about property accounting.

Want to learn more?

Get in touch with our in house expert Paul Feist to see how we can help.

 

Local property developer

Their philosophy is different to mainstream accountants in that they are approachable and dynamic. The simplest of queries are always answered clearly and promptly. I would not hesitate in recommending them to old and new companies looking to make a refreshing switch. 

Matthew Smith
Property Developer

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What is Video Games Tax Relief (VGTR)?

 

Video games tax relief (VGTR) was introduced in April 2014 as part of the Government-backed creative industry tax relief.

To show HMRC your company is eligible to claim VGTR, your company must hold an interim or final certificate for the game you’re claiming for. These certificates are issued by the British Film Institute (BFI).

To obtain certification from the BFI, your company must pass a cultural test, certifying that the production is a British video game. And you can claim VGTR up to two years after a qualifying accounting period.

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Does your video game qualify for tax relief?

Your company qualifies for and can claim creative industry tax reliefs if it is:

  • liable to corporation tax
  • directly involved in the production and development of video games eligibility

Your company will be entitled to claim VGTR if the video game is British and:

  • the video game is intended for supply rather than as a marketing tool, for example.
  • at least 25% of core expenditure is incurred on
  • goods or services provided within the European Economic Area (EEA).

If your company qualifies to claim VGTR, your company is also entitled to:

  • an additional deduction in computing its taxable profits
  • where that additional deduction results in a loss, to surrender losses for a payable tax credit.

The games that are eligible for video games tax relief include:

  • video console games
  • games for PCs
  • games for mobile devices, such as smartphones and tablets.

The ‘cultural test’

To qualify for the relief, all video games must pass a cultural test with the British Film Institute (BFI), certifying that the production is a British video game.

You can still send an application if the game is under development, and a final certificate will be made available once completed. The BFI will then review the completed game before issuing a final certificate.

What do you need to start a video games tax relief claim?

  1. Confirmation of the start date and end date of the development of each video game subject to a VGTR claim.
  2. A copy of the interim or final certificate issued by the British Film Institute for each video game underdevelopment during the accounting period, which confirms a game is culturally British.
  3. Details of estimated and actual income for each video game under development, which is subject to a
  4. VGTR claim.
  5. Details of estimated and actual expenditure incurred on the development of each game.

Download our Indie Dev Guide to Video Games Tax Relief here

Level up your finances: the ultimate guide to video games tax relief in 2024

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