Corporation Tax Act 2009 section 1179FQ

Accounting periods

Section 1179FQ defines the key accounting period terms used throughout the video games tax relief provisions, including what constitutes the "completion period" and "pre-completion period" for a video game.

• An accounting period for a video game means an accounting period of the company that is the development company for that game.
• The "completion period" is the accounting period in which the video game is either completed or the development company abandons development activities.
• The development company must state in its company tax return for the completion period whether the game was completed or development was abandoned.
• A "pre-completion period" is any accounting period that falls before the completion period for the video game in question.