Do you qualify for R&D Tax Credits for Apps and Games? In 2015 the UK games sector was estimated to be worth £4.193bn and has continued to develop with each passing year. The location with all the biggest sales growth was the ‘digital sales’ (downloads that don’t need more computer software, for example a disc, to operate) for consoles, the Computer and mobile devices; meaning that the improvement of games and bespoke applications (‘apps’) is an extremely profitable marketplace. The proper concept, using the appropriate marketing and device placement, can potentially see a huge return on investment for app developers and game developers alike.

Having said that, using the ever-growing interest in new games and apps, the industry could be a challenging one particular to break into - if a enterprise will be to stand a chance in such a competitive environment, a decent level of time and work should be invested into researching and developing your product.

R&D Tax Credits for Apps and Games
As with any small business venture, cost can grow to be a problem, especially any time you are inside the pre-sales stage of development - minimising your outgoings and costs is important to ensure a healthful improvement period may be implemented and sustained. The Study and Improvement (R&D) of games and apps may well qualify for relief beneath the R&D Tax Credits Scheme - an initiative that could see your tax bill reduced by a particular percentage, depending on just how much you spend on R&D, and how much of these fees qualify under the scheme.

When taking a look at the costs and calculating components that could potentially be eligible, consideration could be taken into account for staff, utilities, bespoke hardware and application licenses. The definition of ‘research and development’ for the purposes of this scheme is pretty broad, and should you be an app developer or game developer it is actually most likely that your project is going to be covered as you will be by very definition of the title ‘developing’ your item.

Investigation in to the software you use or plan to be utilizing, games or app development as a basic entire, and advancing present technologies with new innovations or inspirations are all places which can be likely to become deemed covered by the R&D umbrella.

Claiming R&D Tax Credits for Apps and Games
It should be noted that R&D Tax Credits are classed as state help, so when you've got applied for the Video Game Tax Relief (VGTF) and are a smaller or medium enterprise, you need to be aware which you can not claim both. The rules are distinctive for significant organizations, which may well still be eligible for R&D tax relief claimed below these schemes will not be counted as state aid. Even so expert guidance and consultation is advisable should you program to apply for greater than one scheme to perform out what reliefs will give you the greater added benefits.

Effortless RnD assists in generating tax credit claims for the R&D Tax credits scheme and may help you discover what parts of the project are eligible for tax relief, and how to ensure you obtain each of the advantage you're entitled to. Get in make contact with and see just how much they're able to save you.