Legislation – Finance Act 2026
Changes to legislation:
Finance Act 2026, Section 32 is up to date with all changes known to be in force on or before 16 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 32:
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Part 1Income tax, capital gains tax and corporate taxes
Capital allowances and other reliefs for businesses
32Transition from video games tax relief
(1)
Schedule 2 to FA 2024 (expenditure credits for films, television programmes and video games) is amended as follows.
(2)
“Calculation of expenditure credit where company previously benefiting from video games tax relief
24A
(1)
Sub-paragraph (2) applies if—
(a)
a company makes an election under section 1179B(1) of CTA 2009 in relation to a video game in its company tax return for an accounting period, and
(b)
in an earlier accounting period, the company was entitled to, and claimed, special video games relief (within the meaning of section 1217E(1) of CTA 2009) in respect of that video game.
(2)
Section 1179CA(1) of CTA 2009 (amount of expenditure credit) has effect as if for Step 2 there were substituted—“Step 2
Deduct from that total the sum of—
- (a)
so much of that expenditure as was incurred in accounting periods before the opt-in period and that is not European expenditure (within the meaning of section 1217AE), and
- (b)
so much of that expenditure as was incurred in the opt-in period or any later accounting period and that is not UK expenditure (see section 1179AB).”
(3)
In paragraph 18 (opting into new regime during transitional period), in sub-paragraph (5)(b), for “24” substitute “24A”
.
(4)
The amendments made by this section have effect in relation to elections made under section 1179B(1) of CTA 2009 in relation to any opt-in period commencing on or after 26 November 2025.