Part 1 Amendments of CTA 2009
Finance Act 2013 (2013 c 29) | Legislation

SCHEDULE 17 Tax Relief for Video Games Development

Section 36

Part 1 Amendments of CTA 2009

1

After Part 15A of CTA 2009 (inserted by Schedule 16 above) insert—

“Part 15B
Video Games Development
Chapter 1
Introduction
Introductory
1217A Overview of Part

(1)     This Part is about video games development.

(2)     Sections 1217AA to 1217AF contain definitions and other provisions about interpretation that apply for the purposes of this Part.

See, in particular—

(a)     section 1217AA, which contains provision about the meaning of “video gameâ€, and

(b)     section 1217AB, which explains how a company comes to be treated as the video games development company in relation to a video game.

(3)     Chapter 2 is about the taxation of the activities of a video games development company and includes—

(a)     provision for the company's activities in relation to its video game to be treated as a separate trade, and

(b)     provision about the calculation of the profits and losses of that trade.

(4)     Chapter 3 is about relief (called “video games tax reliefâ€) which can be given to a video games development company—

(a)     by way of additional deductions to be made in calculating the profits or losses

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