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Written question asked by Ben Goldsborough (Labour) on Monday, 29 June 2026, in the House of Commons. It was due for an answer on Wednesday, 1 July 2026. It was answered by Dan Tomlinson (Labour) on Tuesday, 7 July 2026 on behalf of the Treasury.


Video Games: Tax Allowances

Question

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the Video Games Expenditure Credit (VGEC) to 53%.

Answer

The Government recognises the importance of the creative industries, including the contribution made by the UK’s video games sector to growth and innovation.

Video games companies already benefit from a generous Video Games Expenditure Credit (VGEC) of 34%. In 2023-24, £327 million of Corporation Tax was relieved through video game tax relief. This generous tax support sits alongside the Department for Culture, Media and Sport’s new £30 million Games Growth package, designed to back the next generation of start‑up studios and talent and attract further inward investment.

The Government is not currently considering increasing either the rate of relief or the qualifying expenditure limits for VGEC.


Secondary information

Type
Written question
Reference
14162
Session
2026-27
Grouped for answer
Yes
Transferred
Yes
Subjects
Tax allowances Video games
Link
View this Written question on www.parliament.uk