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Myriad Associates specialise in providing innovative funding solutions to the Computer Games and Interactive Entertainment Industries. We assist Ukie members in successfully claiming Video Games Tax Relief (VGTR) as a reward for their development work.
Video Games Tax Relief is worth up to 20% of the core production costs of a game. The Video Games Development Company receive tax relief based on the lower of either (a) the EEA expenditure or (b) 80% of the core expenditure. Loss-making games can surrender the loss for a payable tax credit at a rate of 25%. The surrendable loss is the lower of either (a) the available loss or (b) the qualifying expenditure available.
Who can benefit from VGTR?
- Any company registered for corporation tax may apply for VGTR, unless the games it develops are exclusively for advertising or gambling.
- To be eligible for VGTR, your company must be responsible for the planning, designing, developing, testing, and production of a game that you have completed or are still developing since 1 April 2014.
- If two or more companies are working on the same game, only one claim for VGTR
At Myriad Associates, we remove claim uncertainty by completing the technical, financial and taxation aspects of the claim (the complete process), thus allowing you to focus on your development activities uninterrupted.
This approach enables us to:
- Use our VGTR templates to ensure your claim is maximised, which has resulted in a 100% success rate spanning 8 years.
- Offer a free, no-obligation consultancy service which enables us to discuss your development activities and advise if a VGTR claim may be possible.
- Offer a ‘no win, no fee’ service proposition (with no up-front fees!), which means calling us to discuss your eligibility is risk and cost-free.
Myriad Associates offer the following benefits to fellow Ukie members:
- 15% discount off the standard win fee rate for VGTR Claims. There is no consultancy or hidden fees, only a single final fee, calculated as a percentage of the successful claim amount.
- If preferred, an hourly rate service then this is also available and is competitively priced.
In addition to VGTR Claims, we also offer the following services:
- R&D; Tax Credit Claims
- Grant Bid Writing (Innovate UK/ Horizon 2020)
- R&D; Capital Allowances (RDAs)
Contact us on the details below to find out how we can help you claim your full entitlement:
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- Accountancy & Tax Service, Business Service
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