Ranch
Emily Gera
Sunday, January 19, 2020, GMT
Ranch
Tax watch organization TaxWatch UK said Rockstar received £ 37.6 million in tax relief as part of a tax incentive scheme designed to support small game developers in England.
The think tank has been monitoring Rockstar's published taxes and highlights that during 2018/2019, game publishers claimed the largest tax breaks ever-accounting for 37% of the total tax breaks 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 clear evidence now 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 receiving benefits, as GTA V. Studios can make interim claims against VGTR before the game ends, and the huge claims made by Rockstar may be related to the production cost of GTA VI. Because VGTR is related to production expenditures, the large statement indicates the size of the next version of Rockstar, which one
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.