Rockstar and UKIE responded to a report from Taxtax UK stating that the developer received a £ 37.6 million tax deduction for small developers.
Updates: After publishing this story, Rockstar issued a full statement saying that tax cuts have resulted in Rockstar creating more than 1,000 jobs in the UK.
"The UK's plan to support a wide range of creative industries through tax cuts is a success. The plan has directly resulted in Rockstar Games significantly increasing their investment in the UK, creating more than 1,000 highly skilled and long-term jobs in London, Lincoln, Yorkshire and Scotland. .
"The support of this initiative and the successful investment and success of British video games have not only made a significant contribution to the economy and British taxation, but have also consolidated the UK's position at the forefront of future video game development," Rockstar said. .
The UK gaming industry industry association UKIE is also skeptical of Taxwatch UK's conclusions, which stated in the statement that VGTR was "effective" and added that the fund "directly supports" nearly a third of game developers in the country .
"Video Game Tax Reduction (VGTR) is a forward-looking policy that demonstrates that the UK understands the importance of games as a leading creative industry. We know that VGTR brings a considerable return on investment for taxpayers. With VGTR in the gaming industry every Investing £ 1 can bring a total added value return of £ 4 to the economy. "
"But more importantly, VGTR directly supports 4,320 high-productivity full-time jobs for game developers across the country, accounting for nearly one-third of our entire developer base.
"This helps businesses from Dundee to Brighton to play on the global stage, while benefiting the local community from great work that fits the digital age. The UK has a global reputation for exceptional game development creativity. It's time to continue Support an industry that can attract foreign investment, export globally, and demonstrate the skills that Britain must provide worldwide. "
You can prepare the original story below.
ability: The think tank has been monitoring the taxes announced by Rockstar and highlighted that during 2018/2019, game publishers claimed the largest ever tax reduction requirement-accounting for 37% of the total tax reduction requirement for the game industry in England. According to their report, Taxwatch in the UK claims that Rockstar has received £ 80 million in funding under the scheme and has not paid company tax in four years.
George Turner, the head of Taxwatch UK, said: "The government's intention for the plan is not to spend a large VGTR budget on a lucrative company." "There is now cle ar evidence that there is an urgent need to reform VGTR."
The report continued: "The statement relates to the production of the next version of Grand Theft Auto, and there are rumors that the game will be released soon."
"Obviously because the company has not registered any other games as‘Cultural Britain& # 39; This is a prerequisite for eligibility for relief, because Grand Theft Auto 5 can make an interim claim to VGTR before the game ends, and the huge claim made by Rockstar is likely to be related to the production cost of Grand Theft Auto Regarding 6. Because VGTR is related to production expenditures, a large claim indicates the size of the next version of Rockstar, which one It could cost well over $ 137 million on GTA 5. "
Last year, the Grand Theft Auto 5 developer came under fire for filing a claim worth more than £ 42 million with the Video Game Tax Relief Fund between 2015 and 2017. Caused Taxwatch to ask HMRC to investigate.
