Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the economic benefits generated by the (a) Video Games Tax Relief and (b) Video Games Expenditure Credit; and if she will take steps to reform tax incentives.

Video games companies benefit from the Video Games Expenditure Credit (VGEC), which provides a generous tax credit of 34 per cent on UK video games development costs.

A report published by the BFI in 2021 found that VGEC, previously known as the Video Games Tax Relief (VGTR), supported increased spend in the UK by 22.8% between 2017-2019.