Gaming News

Rockstar responds to report it claimed £37.6m in UK tax relief

Rockstar and games industry trade association UKIE have responded to a report that the Grand Theft Auto developer claimed £37.6m in video game tax relief for the 2018/19 financial year, accounting for 37 per cent of all UK games industry tax relief claims.

According to think thank TaxWatch, the figure, which is believed to relate to development of a new Grand Theft Auto game, means that Rockstar North has now claimed a total of £80m in UK Video Games Tax Relief, equating to a quarter of all relief claimed since the government scheme launched in 2014 following extensive industry lobbying.

It also means, as per TaxWatch’s report, that Rockstar has paid no Corporation Tax for the fourth year running in the UK, despite the developer’s GTA5 having amassed more than an estimated $6bn USD in sales since releasing in 2014.

Read more

Related posts

Enjoyable Mega-Man-inspired procedural rogue-like 20XX is getting a sequel


Fortnite’s latest live concert will be held over a series of dates


Cat Quest 2 gets free Challenge Mode and more to celebrate International Cat Day