F1PART 15BVideo games development
Annotations:
Amendments (Textual)
CHAPTER 2Taxation of activities of video games development company
Supplementary
1217BCCosts of the video game
1
References in this Chapter to the costs of the video game are to expenditure incurred by the company on—
a
video game development activities in connection with the video game, or
b
activities with a view to exploiting the video game.
2
This is subject to any provision of the Corporation Tax Acts prohibiting the making of a deduction, or restricting the extent to which a deduction is allowed, in calculating the profits of a trade.
3
Expenditure that (apart from this subsection) would be regarded as of a capital nature by reason only of being incurred on the creation of an asset (the video game) is treated as being of a revenue nature.
Pt. 15B inserted (for specified purposes and with effect in accordance with Sch. 17 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 17 paras. 1, 2