Corporation Tax Act 2009 section 1217A

Overview of Part

Section 1217A provides an overview of Part 15B of the Corporation Tax Act 2009, which sets out the structure and scope of the tax rules relating to video games development.

• Part 15B is organised into five chapters covering definitions, taxation of video games development activities, video games tax relief, loss relief, and provisional relief
• Video games tax relief under Chapter 3 can take the form of additional deductions in calculating profits or losses, or a payable tax credit known as a video game tax credit
• Chapter 4 provides specific loss relief rules for video games development companies, including the ability to transfer certain losses to other group businesses
• Chapter 5 allows provisional claims for relief under Chapters 3 and 4, but this relief can be clawed back if the qualifying conditions are later found not to have been met