Blink

The quick, easy, and secure way to get paid

Blink is best known for its acclaimed payments portal, enabling clients to centralise all their payment processing needs within one simple portal.

Offering card payments, open banking and direct debits, they provide tailored payment solutions for all industries. Whether it’s a virtual terminal to take over-thephone transactions, integrated payment links to sit on invoices, or effortless bank reconciliation to save time. Blink provides you with the payment solutions you need, all in one place.

  • Open Banking – Process transactions entirely through online banking, avoiding conventional payment processors.
  • Reporting – View your transaction history, create and schedule reports and reconcile your company’s bank accounts.
  • Blink pages – Open payment pages to sit on invoices and websites.
  • PayLinks – Send quick, customisable and fully trackable payment links via email and SMS.

Benefits of Blink

  • Simple and easy to navigate.
  • All your payment processing and reporting in one place.
  • A dedicated in-house support team available via live chat, phone or by raising a ticket.
  • Anti-fraud security measures and fraud prevention tools to keep your business safe from cyber threats.
  • Quick and easy bank reconciliation, with integrations into Xero accounting software.
  • Set up variable payment schedules for your existing customers.
  • Seamless setup for new and existing clients.
  • Preferential rates for all Plus Accounting clients.

Learn more about Blink 

Interested in finding out whether Blink can support your business? Click here.

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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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