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£73m of video game tax relief paid out in 2016-17

73m in video games tax relief (VGTR) was paid out in the 2016-17 financial year, representing an increase of 60 per cent year-on-year, according to the latest figures from HMRC. VGTR was paid out relating to 280 claims in 2016-17, which shows a growth of 115 per cent compared to …

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Super Punk Games receives interim game relief certificate for The Last Leviathan

Nottingham-based indie developer Super Punk Games has received the interim certificate for game relief from HMRC for its work on The Last Leviathan, the studio announced today. The physics-based ship building and destruction title launched on Steam’s Early Access program in June last year, and has remained in the top …

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European Commission rules Apple should repay Irish government 13bn in unpaid tax

Apple could face an 11.1bn tax bill after the European Commission ruled that its tax arrangement with Ireland was illegal. An ongoing investigation has concluded that the Irish government permitted Apple to pay significantly less than other businesses, with a tax rate that topped out at just one per cent, …

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Euro Commission thinks Amazon’s tax arrangements could be illegal

The antitrust regulators investigating Amazon’s tax agreements with Luxembourg believe the decade-long arrangement may be incompatible with free market rules. An investigation into Amazon’s tax terms with Luxembourg was established in October, following a period of prolonged negative publicity for Amazon (and others, such as Apple and Starbucks) concerning the …

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