Chris White – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Chris White on 2016-01-21.

To ask Mr Chancellor of the Exchequer, how many businesses benefited from video games tax relief in 2014-15; what the cost of that relief was to his Department in that year; and what the return on investment was for the economy as a result of that relief.

Mr David Gauke

Video Games Tax Relief is forecast to cost the Exchequer £10m in 2014-15. The first Official Statistics on the number of claims and cost of Video Games Tax Relief will be published in Summer 2016, allowing sufficient time for claims to have been submitted for the 2014-15 tax year. No estimate of the benefit for the economy as a whole is available.

The forecast has been certified by the independent Office for Budget Responsibility and is consistent with their latest forecast of Corporation Tax receipts.